Malverne Afterschool Center Inc

Analysis

Malverne Afterschool Center Inc is a registered charity in United States, based in Malverne, NY. It received its IRS tax-exemption ruling in June 1996, 30 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 June 2023, Malverne Afterschool Center Inc reported income of $506k and spending of $535k, spending 106% of what it took in. Across the 3 years on record, from June 2020 to June 2023, income grew from $256k to $506k (+97%), an average of +40% a year. The sharpest change came in the year to June 2022, when income rose by 135%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Malverne Afterschool Center Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 66th percentile within NY. Charities of a similar size with the same main cause include George Sykes Manual Training School Trust ($506k), Wisconsin Institute for Learning Disabilites Dyslexia Inc ($506k) and Roots Family Center ($506k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 21% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $48k (9.0% of expenses). Other salaries and wages came to $257k. At year end it held assets of $290k against liabilities of $20k, net assets of $269k. It reported 21 employees.