Edward J Malloy Initiative for Constructive Skills Inc

Analysis

Edward J Malloy Initiative for Constructive Skills Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Edward J Malloy Initiative for Constructive Skills Inc reported income of $1.3m and spending of $1.3m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.5m to $1.3m (-9.4%), an average of -2.4% a year. The sharpest change came in the year to December 2020, when income dropped by 15%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Edward J Malloy Initiative for Constructive Skills Inc sits at the 79th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 79th percentile within NY. Charities of a similar size with the same main cause include Pittsburgh Council on Higher Education ($1.3m), Hajoca 3025 Inc ($1.3m) and Southeastern New York Library Resources Council ($1.3m).

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 $164k (13% of expenses). Other salaries and wages came to $191k. At year end it held assets of $2.4m against liabilities of $336k, net assets of $2.0m. It reported 3 employees.