Malcolm X & Dr Betty Shabazz Memorial & Educational Center Inc

Analysis

Malcolm X & Dr Betty Shabazz Memorial & Educational Center Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 2021, 5 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 2023, Malcolm X & Dr Betty Shabazz Memorial & Educational Center Inc reported income of $479k and spending of $358k, leaving 25% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $159k to $479k (+202%), an average of +202% a year. The sharpest change came in the year to June 2023, when income rose by 202%. Over the whole period it spent 72% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Malcolm X & Dr Betty Shabazz Memorial & Educational Center Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 65th percentile within NY. Charities of a similar size with the same main cause include Luminaria ($478k), The Haymarket Opera Company NFP ($479k) and Knowledge Tree Inc ($478k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% and program service revenue 9.6% of the total. Compensation of current officers, directors and key employees was $68k (19% of expenses). Other salaries and wages came to $69k. At year end it held assets of $649k against liabilities of $416k, net assets of $233k.