Friends of Malmantile

Analysis

Friends of Malmantile is a registered charity in United States, based in Redmond, WA. It received its IRS tax-exemption ruling in January 2020, 6 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 December 2023, Friends of Malmantile reported income of $680k and spending of $669k, spending 98% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $13k to $680k (+5131%), an average of +121% a year. The sharpest change came in the year to December 2019, when income rose by 2246%. Over the whole period it spent 99% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Friends of Malmantile sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 74th percentile within WA. Charities of a similar size with the same main cause include Global Intercultural Resources Inc ($680k), Citta ($680k) and Caring Hearts Ministry Inc ($680k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $12k against liabilities of $0, net assets of $12k.