Malm Manor Inc

Analysis

Malm Manor Inc is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in March 2005, 21 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2024, Malm Manor Inc reported income of $265k and spending of $236k, spending 89% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $159k to $265k (+66%), an average of +14% a year. The sharpest change came in the year to June 2023, when income rose by 38%. Over the whole period it spent 101% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Malm Manor Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 55th percentile within RI. Charities of a similar size with the same main cause include Banneker Homes Inc John Stewart Company ($265k), Illinois Affordable Housing NFP ($265k) and Level Acres Nonprofit Housing Corporation ($265k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $1.2m against liabilities of $106k, net assets of $1.1m.