Mullen-Polk Foundation

Analysis

Mullen-Polk Foundation is a registered charity in United States, based in Vancouver, WA. It received its IRS tax-exemption ruling in January 2016, 10 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, Mullen-Polk Foundation reported income of $3.8m and spending of $2.1m, leaving 45% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $670k to $3.8m (+462%), an average of +54% a year. The sharpest change came in the year to December 2023, when income rose by 177%. Over the whole period it spent 74% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mullen-Polk Foundation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within WA. Charities of a similar size with the same main cause include Empower Yolo Inc ($3.8m), Eps Essential Pregnancy Services Inc ($3.8m) and Friendship Education Foundation ($3.8m).

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 $184k (8.9% of expenses). Other salaries and wages came to $741k. At year end it held assets of $7.0m against liabilities of $5.0m, net assets of $2.1m. It reported 31 employees.