Malone Creek Estate Inc

Analysis

Malone Creek Estate Inc is a registered charity in United States, based in Independence, IA. It received its IRS tax-exemption ruling in December 1988, 38 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 June 2023, Malone Creek Estate Inc reported income of $191k and spending of $202k, spending 106% of what it took in. Across the 4 years on record, from June 2019 to June 2023, income grew from $177k to $191k (+7.8%), an average of +2.5% a year. Over the whole period it spent 110% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Malone Creek Estate Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 54th percentile within IA. Charities of a similar size with the same main cause include Little League Baseball Inc ($191k), Casa of Graves County & Southwest Ky Inc ($191k) and Northwest Organization of Nurse Leaders ($191k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.4% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $44k (22% of expenses). Other salaries and wages came to $90k. At year end it held assets of $358k against liabilities of $52k, net assets of $306k. It reported 10 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.