Malecare Inc

Analysis

Malecare Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 2004, 22 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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, Malecare Inc reported income of $572k and spending of $270k, leaving 53% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $205k to $572k (+179%), an average of +29% a year. The sharpest change came in the year to December 2022, when income rose by 121%. Over the whole period it spent 41% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Malecare Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 68th percentile within NY. Charities of a similar size with the same main cause include A Mothers Touch Inc ($572k), Alagille Syndrome Alliance ($572k) and Infinite Love for Kids Fighting Cancer a NJ Nonprofit Corporation ($571k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $206k (76% of expenses). At year end it held assets of $1.6m against liabilities of $405, net assets of $1.6m. It reported 1 employees.