Mulherin Custodial Home Inc

Analysis

Mulherin Custodial Home Inc is a registered charity in United States, based in Mobile, AL. It received its IRS tax-exemption ruling in March 1956, 70 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2023, Mulherin Custodial Home Inc reported income of $1.5m and spending of $1.4m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $1.5m (+16%), an average of +3.8% a year. The sharpest change came in the year to December 2021, when income rose by 24%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mulherin Custodial Home Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 87th percentile within AL. Charities of a similar size with the same main cause include Ability Resources ($1.5m), West Side Community House ($1.5m) and Fayette Resale Incorporated ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $85k (5.9% of expenses). Other salaries and wages came to $828k. At year end it held assets of $2.7m against liabilities of $76k, net assets of $2.6m.