Maldef Property Management Corp

Analysis

Maldef Property Management Corp is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in April 1993, 33 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending April 2023, Maldef Property Management Corp reported income of $1.2m and spending of $1.2m, spending 106% of what it took in. Across the 5 years on record, from April 2019 to April 2023, income grew from $1.1m to $1.2m (+10%), an average of +2.5% a year. Over the whole period it spent 113% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Maldef Property Management Corp sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within CA. Charities of a similar size with the same main cause include Norris Square Neighborhood Project ($1.2m), Highsight ($1.2m) and Employment and Training Association of Dane County Inc Work Experience ($1.2m).

On its Form 990 for the period ending April 2023, revenue came from program service revenue 98% of the total. Other salaries and wages came to $436k. At year end it held assets of $4.6m against liabilities of $2.3m, net assets of $2.3m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.