Mollys House Inc

Analysis

Mollys House Inc is a registered charity in United States, based in Stuart, FL. It received its IRS tax-exemption ruling in May 1994, 32 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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, Mollys House Inc reported income of $551k and spending of $570k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.7m to $551k (-67%), an average of -24% a year. The sharpest change came in the year to December 2020, when income dropped by 64%. Over the whole period it spent 62% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mollys House Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 74th percentile within FL. Charities of a similar size with the same main cause include Conesus Fest for Charity Inc ($551k), Council of State Governments ($551k) and Center for Rural Culture ($551k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $137k (24% of expenses). Other salaries and wages came to $171k. At year end it held assets of $3.3m against liabilities of $8,462, net assets of $3.3m. It reported 6 employees.