Robert H Mollohan Family Charitable Foundation Inc

Analysis

Robert H Mollohan Family Charitable Foundation Inc is a registered charity in United States, based in Fairmont, WV. It received its IRS tax-exemption ruling in February 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2021, Robert H Mollohan Family Charitable Foundation Inc reported income of $71k and spending of $87k, spending 122% of what it took in. Across the 3 years on record, from December 2019 to December 2021, income fell from $110k to $71k (-35%), an average of -19% a year. The sharpest change came in the year to December 2021, when income dropped by 36%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Robert H Mollohan Family Charitable Foundation Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 25th percentile within WV. Charities of a similar size with the same main cause include Crystal Lake Central High School Booster Club ($71k), Ehs Mens Basketball Boosters ($71k) and Odyssey of the Mind Association of North Carolina ($71k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 52% of the total. Other salaries and wages came to $25k. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m. It reported 1 employees.