Yamba Malawi Inc

Analysis

Yamba Malawi Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 2006, 20 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Yamba Malawi Inc reported income of $2.1m and spending of $2.5m, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $2.1m (+13%), an average of +3.1% a year. The sharpest change came in the year to December 2021, when income rose by 101%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Yamba Malawi Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 83rd percentile within NY. Charities of a similar size with the same main cause include Life Asset Inc ($2.1m), Smart Recovery USA Inc ($2.1m) and Springwell Network Inc ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 106% of the total. Other salaries and wages came to $449k. At year end it held assets of $1.7m against liabilities of $186k, net assets of $1.5m. It reported 5 employees.