First Church in Malden Homes Inc

Analysis

First Church in Malden Homes Inc is a registered charity in United States, based in Malden, MA. It received its IRS tax-exemption ruling in March 1971, 55 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, First Church in Malden Homes Inc reported income of $1.1m and spending of $99k, leaving 91% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.9m to $1.1m (-41%), an average of -12% a year. The sharpest change came in the year to December 2022, when income rose by 28%. Over the whole period it spent 4.8% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, First Church in Malden Homes Inc sits at the 79th percentile: it is larger than about 79% 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 Apex Physician Associates of Texas ($1.1m), C N Wodehouse Bishop Museum Trust ($1.1m) and New Hampshire Coalition for Handicapped Citizens Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.7% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $48k (49% of expenses). At year end it held assets of $16.1m against liabilities of $19k, net assets of $16.1m. It reported 6 employees.