Club Molisani Charities Inc

Analysis

Club Molisani Charities Inc is a registered charity in United States, based in Wickliffe, OH. It received its IRS tax-exemption ruling in February 2015, 11 years ago. Its declared purposes cover arts, culture and humanities, 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, Club Molisani Charities Inc reported income of $457k and spending of $297k, leaving 35% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $188k to $457k (+143%), an average of +56% a year. The sharpest change came in the year to December 2022, when income rose by 126%. Over the whole period it spent 66% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Club Molisani Charities Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within OH. Charities of a similar size with the same main cause include Sacramento Choral Society and Orchestra ($457k), Arise Media Inc ($457k) and Verona Area Community Theater Inc ($457k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 31% and program service revenue 30% of the total. At year end it held assets of $719k against liabilities of $41k, net assets of $678k.