Mullan Community Foundation Inc

Analysis

Mullan Community Foundation Inc is a registered charity in United States, based in Mullan, ID. It received its IRS tax-exemption ruling in July 2001, 25 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 (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, Mullan Community Foundation Inc reported income of $54k and spending of $71k, spending 132% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $86k to $54k (-38%), an average of -38% a year. The sharpest change came in the year to December 2023, when income dropped by 38%. Over the whole period it spent 82% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Mullan Community Foundation 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 21st percentile, and in the 18th percentile within ID. Charities of a similar size with the same main cause include Mase Faith Foundation Inc ($54k), Garner Revitalization Association Inc ($54k) and Sacramento Developer Collective ($54k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 73% of the total. At year end it held assets of $250k against liabilities of $0, net assets of $250k.