Mollie Spencer Farm Inc

Analysis

Mollie Spencer Farm Inc is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in December 2015, 11 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Mollie Spencer Farm Inc reported income of $441k and spending of $457k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $200k to $441k (+120%), an average of +22% a year. The sharpest change came in the year to December 2020, when income rose by 51%. Over the whole period it spent 99% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Mollie Spencer Farm Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 69th percentile within OK. Charities of a similar size with the same main cause include Rommys Charitable Organization Inc ($441k), Every Child Reading ($441k) and City Center of San Joaquin ($441k).

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 $174k against liabilities of $18k, net assets of $157k.