Mollyb Foundation

Analysis

Mollyb Foundation is a registered charity in United States, based in Concord, NH. It received its IRS tax-exemption ruling in May 2023, 3 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Mollyb Foundation reported income of $56k and spending of $57k, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $34k to $56k (+65%), an average of +65% a year. The sharpest change came in the year to December 2023, when income rose by 65%. Over the whole period it spent 135% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mollyb Foundation sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 23rd percentile within NH. Charities of a similar size with the same main cause include Oregon Student Foundation ($56k), Whole Learners ($56k) and St Lawrence County Fire Training Facility Inc ($56k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 27% of the total. At year end it held assets of $958 against liabilities of $45k, net assets of -$44k.