Friends of St Malachy Incorporated

Analysis

Friends of St Malachy Incorporated is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in October 1996, 30 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 2024, Friends of St Malachy Incorporated reported income of $176k and spending of $79k, leaving 55% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $128k to $176k (+38%), an average of +6.6% a year. The sharpest change came in the year to June 2022, when income rose by 318%. Over the whole period it spent 68% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Friends of St Malachy Incorporated sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 49th percentile within PA. Charities of a similar size with the same main cause include My Neighbors Foundation Inc ($176k), Military Officers Benevolent Corporation ($176k) and Breath of Life Foundation ($176k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 84% of the total. At year end it held assets of $669k against liabilities of $0, net assets of $669k.