Dorothy Molter Memorial Foundation

Analysis

Dorothy Molter Memorial Foundation is a registered charity in United States, based in Ely, MN. It received its IRS tax-exemption ruling in May 1994, 32 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Dorothy Molter Memorial Foundation reported income of $169k and spending of $152k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $133k to $169k (+28%), an average of +6.3% a year. The sharpest change came in the year to December 2023, when income rose by 44%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Dorothy Molter Memorial Foundation sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 48th percentile within MN. Charities of a similar size with the same main cause include Gloucester Writers Center Inc ($169k), Creative Expressions Dance Studio Inc ($169k) and Filarmonica Portuguesa de Tulare ($169k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 32% of the total. Other salaries and wages came to $83k. At year end it held assets of $170k against liabilities of $3,858, net assets of $166k. It reported 6 employees.