Malcolm X Memorial Foundation

Analysis

Malcolm X Memorial Foundation is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in December 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Malcolm X Memorial Foundation reported income of $167k and spending of $209k, spending 125% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $67k to $167k (+150%), an average of +150% a year. The sharpest change came in the year to December 2023, when income rose by 150%. Over the whole period it spent 175% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Malcolm X Memorial Foundation 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 50th percentile, and in the 48th percentile within NE. Charities of a similar size with the same main cause include Virgil I Grissom High School Band Parents Inc ($167k), 4 Venir Inc ($167k) and Somers High School Sports Booster Club Inc ($167k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 104% and program service revenue 1.5% of the total. At year end it held assets of $142k against liabilities of $0, net assets of $142k.