Mollys Bridge Inc

Analysis

Mollys Bridge Inc is a registered charity in United States, based in Savannah, GA. It received its IRS tax-exemption ruling in September 2017, 9 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, Mollys Bridge Inc reported income of $63k and spending of $39k, leaving 37% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $76k to $63k (-17%), an average of -17% a year. The sharpest change came in the year to December 2023, when income dropped by 17%. Over the whole period it spent 49% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mollys Bridge Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 25th percentile within GA. Charities of a similar size with the same main cause include Monroe County Farm Bureau Foundation ($63k), S a F E ($63k) and Neighbors Helping Neighbors Rhode Island ($63k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $262k against liabilities of $97k, net assets of $165k.