Molly Steinsapir Foundation

Analysis

Molly Steinsapir Foundation is a registered charity in United States, based in Pacific PLSDS, CA. It received its IRS tax-exemption ruling in September 2021, 5 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Molly Steinsapir Foundation reported income of $54k and spending of $61k, spending 113% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $79k to $54k (-31%), an average of -31% a year. The sharpest change came in the year to December 2023, when income dropped by 31%. Over the whole period it spent 87% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Molly Steinsapir Foundation sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 23rd percentile within CA. Charities of a similar size with the same main cause include Nicole E Mas Foundation Inc ($54k), Kevin From Heaven Foundation ($54k) and Cyrus C Convery Trust Fbo Old St Josephs Church ($54k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $12k against liabilities of $10k, net assets of $1,859.