Maloto Inc

Analysis

Maloto Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2024, Maloto Inc reported income of $1.1m and spending of $1.1m, spending 102% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $1.3m to $1.1m (-17%), an average of -4.5% a year. The sharpest change came in the year to June 2021, when income dropped by 19%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Maloto Inc sits at the 77th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 77th percentile within NY. Charities of a similar size with the same main cause include National Association of State Directors of Special Education Inc ($1.1m), Community Christian School of Baraboo Inc ($1.1m) and Jfynetworks ($1.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $166k (15% of expenses). Other salaries and wages came to $28k. At year end it held assets of $149k against liabilities of $17k, net assets of $132k. It reported 3 employees.