The Mulford Corporation

Analysis

The Mulford Corporation is a registered charity in United States, based in Yonkers, NY. It received its IRS tax-exemption ruling in January 2013, 13 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, The Mulford Corporation reported income of $2.1m and spending of $3.7m, spending 177% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $11.4m to $2.1m (-82%), an average of -35% a year. The sharpest change came in the year to December 2023, when income rose by 137%. Over the whole period it spent 55% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Mulford Corporation sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 83rd percentile within NY. Charities of a similar size with the same main cause include National Christian Charitable Foundation Inc ($2.1m), Incourage Community Foundation Inc ($2.1m) and General Electric Employees Community Service Fund ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.7% and program service revenue 92% of the total. It paid $11k in professional fundraising fees. At year end it held assets of $19.7m against liabilities of $663k, net assets of $19.0m.