Malengo Inc

Analysis

Malengo Inc is a registered charity in United States, based in Dover, DE. It received its IRS tax-exemption ruling in February 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Malengo Inc reported income of $1.1m and spending of $2.5m, spending 237% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $1.3m to $1.1m (-16%), an average of -16% a year. The sharpest change came in the year to December 2023, when income dropped by 16%. Over the whole period it spent 122% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Malengo Inc 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 80th percentile, and in the 76th percentile within DE. Charities of a similar size with the same main cause include Aldine Education Foundation ($1.1m), Columbia - Greene Community College Foundation Inc ($1.1m) and Motlow College Foundation ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $3.5m against liabilities of $4.0m, net assets of -$522k.