Malta House Inc

Analysis

Malta House Inc is a registered charity in United States, based in Norwalk, CT. It received its IRS tax-exemption ruling in October 2001, 25 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Malta House Inc reported income of $1.6m and spending of $1.8m, spending 119% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $4.4m to $1.6m (-65%), an average of -23% a year. The sharpest change came in the year to June 2022, when income dropped by 51%. Over the whole period it spent 71% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Malta House Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 82nd percentile within CT. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($1.6m), Union Rescue Mission Inc ($1.6m) and Older American Housing in Spotswood Inc ($1.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 105% and program service revenue 0.4% of the total. Other salaries and wages came to $901k. At year end it held assets of $6.1m against liabilities of $1.6m, net assets of $4.5m. It reported 32 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.