Friends of Malta House

Analysis

Friends of Malta House is a registered charity in United States, based in Norwalk, CT. It received its IRS tax-exemption ruling in August 2008, 18 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Friends of Malta House reported income of $274k and spending of $91k, leaving 67% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $117k to $274k (+134%), an average of +24% a year. The sharpest change came in the year to June 2023, when income dropped by 120%. Over the whole period it spent 72% 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 Malta House sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 57th percentile within CT. Charities of a similar size with the same main cause include Carroll Electric Membership Foundat Ion Inc ($274k), Sioux Falls Cares Inc ($274k) and United Way of Forsyth County Foundation ($274k).

At year end it held assets of $1.9m against liabilities of $575k, net assets of $1.3m.