Malik Academy

Analysis

Malik Academy is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in September 2007, 19 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2024, Malik Academy reported income of $1.1m and spending of $1.0m, spending 91% of its income. Across the 6 years on record, from July 2019 to July 2024, income grew from $1.0m to $1.1m (+10.0%), an average of +1.9% a year. The sharpest change came in the year to July 2023, when income rose by 33%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Malik Academy sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within MA. Charities of a similar size with the same main cause include Fox Valley Area Sheet Metal Workers Journeyman & Apprentice Training F ($1.1m), Alliance for Disabled in Action Inc ($1.1m) and 21st Century Leaders Inc ($1.1m).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 16% and program service revenue 84% of the total. Other salaries and wages came to $431k. At year end it held assets of $622k against liabilities of $71k, net assets of $551k. It reported 16 employees.