Molding Kids for Success

Analysis

Molding Kids for Success is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in July 2021, 5 years ago. 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, Molding Kids for Success reported income of $110k and spending of $60k, leaving 45% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $39k to $110k (+181%), an average of +181% a year. The sharpest change came in the year to December 2023, when income rose by 181%. Over the whole period it spent 50% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Molding Kids for Success sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 37th percentile within NC. Charities of a similar size with the same main cause include Junior Service League of Summerville ($110k), Buckeye Band Boosters ($110k) and Ptsa Connecticut Congress ($110k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 5.3% of the total. At year end it held assets of $74k against liabilities of $395, net assets of $74k.