Maalot

Analysis

Maalot is a registered charity in United States, based in Lawrence, NY. It received its IRS tax-exemption ruling in September 2019, 7 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Maalot reported income of $7.8m and spending of $3.9m, leaving 51% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $7.8m (+378%), an average of +48% a year. The sharpest change came in the year to December 2020, when income rose by 109%. Over the whole period it spent 43% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Maalot sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within NY. Charities of a similar size with the same main cause include Christian Aid Ministries Foundation ($7.8m), Sophia Institute Press ($7.9m) and Holy Name Real Estate Corp ($7.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 103% of the total. Other salaries and wages came to $16k. At year end it held assets of $16.5m against liabilities of $3,500, net assets of $16.5m. It reported 1 employees.