Ed T Malloy Foundation

Analysis

Ed T Malloy Foundation is a registered charity in United States, based in Orange, TX. It received its IRS tax-exemption ruling in December 1983, 43 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Ed T Malloy Foundation reported income of $512k and spending of $537k, spending 105% of its income. Across the 3 years on record, from September 2020 to September 2023, income grew from $286k to $512k (+79%), an average of +34% a year. The sharpest change came in the year to September 2021, when income rose by 186%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ed T Malloy Foundation sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 75th percentile within TX. Charities of a similar size with the same main cause include Clarksville Montgomery County Education Foundation ($512k), Olf Senior Housing Inc ($512k) and Bethany Birches Camp Inc ($512k).

Compensation of current officers, directors and key employees was $14k (2.7% of expenses). At year end it held assets of $9.9m against liabilities of $9,251, net assets of $9.9m. It reported 3 employees.