Maloney Foundation Inc

Analysis

Maloney Foundation Inc is a registered charity in United States, based in New PRT Rchy, FL. It received its IRS tax-exemption ruling in October 2017, 9 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Maloney Foundation Inc reported income of $1.3m and spending of $1.2m, spending 91% of its income. Across the 6 years on record, from December 2019 to June 2024, income grew from $126k to $1.3m (+954%), an average of +60% a year. The sharpest change came in the year to December 2020, when income rose by 312%. Over the whole period it spent 98% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Maloney Foundation Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 84th percentile within FL. Charities of a similar size with the same main cause include College of Western Idaho Foundation Inc ($1.3m), Stride Academy Building Company ($1.3m) and Kazan McClain Partners Foundation ($1.3m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $792k (65% of expenses). At year end it held assets of $231k against liabilities of $44k, net assets of $186k. It reported 19 employees.