Malayaka House Inc

Analysis

Malayaka House Inc is a registered charity in United States, based in Essex Junction, VT. It received its IRS tax-exemption ruling in March 2006, 20 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 December 2023, Malayaka House Inc reported income of $302k and spending of $159k, leaving 47% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $158k to $302k (+91%), an average of +18% a year. The sharpest change came in the year to December 2020, when income rose by 54%. Over the whole period it spent 68% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Malayaka House Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 54th percentile within VT. Charities of a similar size with the same main cause include Care House Learning Center Incorporated ($302k), One Healing Educating and Renewing Through Therapy ($302k) and Waterville Valley Adaptive Sports ($302k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $35k (22% of expenses). At year end it held assets of $433k against liabilities of $0, net assets of $433k.