Molluscan Science Foundation Inc

Analysis

Molluscan Science Foundation Inc is a registered charity in United States, based in Owings Mills, MD. It received its IRS tax-exemption ruling in November 2013, 13 years ago. Its declared purposes cover science and technology, 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, Molluscan Science Foundation Inc reported income of $2.4m and spending of $267k, leaving 89% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.7m to $2.4m (-12%), an average of -3.2% a year. The sharpest change came in the year to December 2021, when income rose by 34%. Over the whole period it spent 7.8% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Molluscan Science Foundation Inc sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within MD. Charities of a similar size with the same main cause include Vashon Allied Arts Inc ($2.4m), Louis Armstrong House Museum ($2.4m) and Marine Corps Association Foundation ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $32k (12% of expenses). At year end it held assets of $21.6m against liabilities of $0, net assets of $21.6m.