Demolay Foundation Incorporated

Analysis

Demolay Foundation Incorporated is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in November 1966, 60 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Demolay Foundation Incorporated reported income of $357k and spending of $553k, spending 155% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $319k to $357k (+12%), an average of +2.8% a year. The sharpest change came in the year to December 2023, when income rose by 78%. Over the whole period it spent 141% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Demolay Foundation Incorporated 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 65th percentile, and in the 62nd percentile within MO. Charities of a similar size with the same main cause include Launch Ministries Inc ($357k), Dochas II ($357k) and Friends of Baseball LLC ($356k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% of the total. It paid $87k in professional fundraising fees. At year end it held assets of $7.2m against liabilities of $7,349, net assets of $7.2m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.