Malachi House Inc

Analysis

Malachi House Inc is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in March 1946, 80 years ago. 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, Malachi House Inc reported income of $2.2m and spending of $2.1m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.1m to $2.2m (+6.0%), an average of +1.5% a year. The sharpest change came in the year to June 2020, when income rose by 94%. Over the whole period it spent 67% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Malachi House Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within OH. Charities of a similar size with the same main cause include Nami Collier County Inc ($2.2m), Rainbow Homes Inc ($2.2m) and The Adaptive Learning Center ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 59% of the total. Compensation of current officers, directors and key employees was $133k (6.4% of expenses). Other salaries and wages came to $924k. At year end it held assets of $17.8m against liabilities of $0, net assets of $17.8m. It reported 37 employees.