Malaika Early Learning Center Inc

Analysis

Malaika Early Learning Center Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in January 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Malaika Early Learning Center Inc reported income of $2.0m and spending of $2.2m, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.7m to $2.0m (+16%), an average of +3.9% a year. The sharpest change came in the year to June 2022, when income rose by 18%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Malaika Early Learning Center Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within WI. Charities of a similar size with the same main cause include Explorations Inc ($2.0m), Bais Chana Heritage School Inc ($2.0m) and Northern Lights Community School ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 64% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $168k (7.6% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $3.0m against liabilities of $66k, net assets of $2.9m. It reported 40 employees.