Malcolm X Shabazz Foundation

Analysis

Malcolm X Shabazz Foundation is a registered charity in United States, based in Santa Clara, CA. It received its IRS tax-exemption ruling in June 2019, 7 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 (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, Malcolm X Shabazz Foundation reported income of $63k and spending of $82k, spending 130% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $14k to $63k (+354%), an average of +354% a year. The sharpest change came in the year to December 2023, when income rose by 354%. Over the whole period it spent 127% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Malcolm X Shabazz Foundation sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 27th percentile within CA. Charities of a similar size with the same main cause include Stebbins Music Boosters ($63k), Sustainable Remediation Forum Inc ($63k) and Baco Che-Na-Wah Bazaar Foundation ($63k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $18k against liabilities of $0, net assets of $18k.