Malta Opportunities Inc

Analysis

Malta Opportunities Inc is a registered charity in United States, based in Malta, MT. It received its IRS tax-exemption ruling in December 1982, 44 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2024, Malta Opportunities Inc reported income of $961k and spending of $808k, spending 84% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $885k to $961k (+8.6%), an average of +1.7% a year. The sharpest change came in the year to June 2020, when income rose by 16%. Over the whole period it spent 80% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Malta Opportunities Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within MT. Charities of a similar size with the same main cause include Attachment & Trauma Network Inc ($961k), Elyria 778 Charities Inc ($961k) and Bentley Community Services ($961k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.4% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $53k (6.5% of expenses). Other salaries and wages came to $501k. At year end it held assets of $2.4m against liabilities of $28k, net assets of $2.4m. It reported 47 employees.