Malone Community Center

Analysis

Malone Community Center is a registered charity in United States, based in Lincoln, NE. It received its IRS tax-exemption ruling in February 1961, 65 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, Malone Community Center reported income of $3.5m and spending of $2.4m, leaving 33% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $766k to $3.5m (+363%), an average of +47% a year. The sharpest change came in the year to June 2021, when income rose by 167%. Over the whole period it spent 72% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Malone Community Center sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within NE. Charities of a similar size with the same main cause include LGH Charitable Trust Inc ($3.5m), C W Mars Inc ($3.5m) and Boy Scouts of America ($3.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 7.5% of the total. Compensation of current officers, directors and key employees was $118k (5.0% of expenses). Other salaries and wages came to $1000k. At year end it held assets of $4.0m against liabilities of $260k, net assets of $3.7m. It reported 61 employees.