Malone Community Center Housing Corporation

Analysis

Malone Community Center Housing Corporation is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in November 1984, 42 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 January 2024, Malone Community Center Housing Corporation reported income of $428k and spending of $416k, spending 97% of its income. Across the 5 years on record, from January 2020 to January 2024, income fell from $437k to $428k (-2.0%), an average of -0.5% a year. Over the whole period it spent 100% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Malone Community Center Housing Corporation sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 69th percentile within CA. Charities of a similar size with the same main cause include Sayre Christian Village Apts II Inc ($428k), Hfa Community Housing Development Inc ($428k) and Bonner County Homeless Task Force ($427k).

On its Form 990 for the period ending January 2024, revenue came from contributions and grants 60% and program service revenue 37% of the total. At year end it held assets of $3.0m against liabilities of $3.2m, net assets of -$214k.