Molly Ann Tango Memorial Foundation Inc

Analysis

Molly Ann Tango Memorial Foundation Inc is a registered charity in United States, based in Ridgefield, CT. It received its IRS tax-exemption ruling in January 2005, 21 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, Molly Ann Tango Memorial Foundation Inc reported income of $76k and spending of $90k, spending 119% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $126k to $76k (-40%), an average of -12% a year. The sharpest change came in the year to December 2020, when income dropped by 60%. Over the whole period it spent 123% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Molly Ann Tango Memorial Foundation Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 27th percentile within CT. Charities of a similar size with the same main cause include Marin County Public Safety Officers Association Inc ($76k), Union Towers Senior Citizens Inc ($76k) and Brad Group Home Inc ($76k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $137k against liabilities of $0, net assets of $137k.