Molly Johnson Foundation

Analysis

Molly Johnson Foundation is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in October 2012, 14 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Johnson Foundation reported income of $298k and spending of $317k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $337k to $298k (-11%), an average of -3.0% a year. The sharpest change came in the year to December 2020, when income dropped by 31%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Molly Johnson Foundation sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 62nd percentile within KY. Charities of a similar size with the same main cause include Rowan College at Burlington County Foundation ($298k), Research Bridge Partners Inc ($298k) and Capacity Catalyst ($298k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.4% of the total. At year end it held assets of $339k against liabilities of $0, net assets of $339k.