Foundation for the Malcolm Baldrige National Quality Award Inc

Analysis

Foundation for the Malcolm Baldrige National Quality Award Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in August 1988, 38 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 September 2023, Foundation for the Malcolm Baldrige National Quality Award Inc reported income of $1.0m and spending of $1.2m, spending 115% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $556k to $1.0m (+82%), an average of +16% a year. The sharpest change came in the year to September 2020, when income rose by 257%. Over the whole period it spent 130% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Foundation for the Malcolm Baldrige National Quality Award Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 55th percentile within DC. Charities of a similar size with the same main cause include Habitat for Humanity of Jefferson County Inc ($1.0m), Trinity Terrace Inc ($1.0m) and Big Brothers Big Sisters of St Lucie Indian River & Okeechobee Co ($1.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 80% of the total. Compensation of current officers, directors and key employees was $187k (16% of expenses). Other salaries and wages came to $332k. At year end it held assets of $313k against liabilities of $57k, net assets of $256k. It reported 4 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.