Greater Malden Asian American Community Coalition Inc

Analysis

Greater Malden Asian American Community Coalition Inc is a registered charity in United States, based in Malden, MA. It received its IRS tax-exemption ruling in October 2016, 10 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 June 2023, Greater Malden Asian American Community Coalition Inc reported income of $70k and spending of $42k, leaving 41% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income fell from $167k to $70k (-58%), an average of -58% a year. The sharpest change came in the year to June 2023, when income dropped by 58%. Over the whole period it spent 59% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Greater Malden Asian American Community Coalition Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 36th percentile within MA. Charities of a similar size with the same main cause include Virginia Association of Centers for Independent Living ($70k), Nami South Central Iowa ($70k) and Lake Placid Forum for the Arts and Humanities Inc ($70k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $276k against liabilities of $0, net assets of $276k.