City of Mullens Foundation Inc

Analysis

City of Mullens Foundation Inc is a registered charity in United States, based in Mullens, WV. It received its IRS tax-exemption ruling in October 2016, 10 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, City of Mullens Foundation Inc reported income of $111k and spending of $177k, spending 160% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $221k to $111k (-50%), an average of -50% a year. The sharpest change came in the year to December 2023, when income dropped by 50%. Over the whole period it spent 84% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, City of Mullens Foundation Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 36th percentile within WV. Charities of a similar size with the same main cause include Treat the Troops Inc ($111k), Metrolina Minority Contractors Association ($111k) and Central Garden Area Association Inc ($110k).

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 $280k against liabilities of $0, net assets of $280k.