Molo Village CDC Co

Analysis

Molo Village CDC Co is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in March 2011, 15 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Molo Village CDC Co reported income of $734k and spending of $1.1m, spending 147% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $782k to $734k (-6.1%), an average of -1.6% a year. The sharpest change came in the year to December 2021, when income rose by 25%. Over the whole period it spent 112% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Molo Village CDC Co sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within KY. Charities of a similar size with the same main cause include Heart of Hope Ministries ($734k), Aloha Diaper Bank ($734k) and North Shore Workers Community Fund Inc ($734k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $125k (12% of expenses). Other salaries and wages came to $83k. At year end it held assets of $6.6m against liabilities of $6.9m, net assets of -$303k. It reported 20 employees.