Quick charity verification for Malik Academy (EIN: 201276247)
Verdict: Malik Academy appears trustworthy
92/100Mission Score
$1.5MRevenue
$1.0MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent revenue generation, averaging around $1 million annually.
Significant asset growth, from $107,645 in 2015 to $1,008,059 currently.
Zero reported officer compensation across all 14 filings, indicating high efficiency.
Positive net income in recent years, contributing to financial stability.
Strong financial health with a healthy asset-to-liability ratio.
Spending Breakdown
How Malik Academy allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Malik Academy
Is Malik Academy a legitimate charity?
Based on AI analysis of IRS 990 filings, Malik Academy (EIN: 201276247) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
Is Malik Academy a good charity to donate to?
Malik Academy has a Mission Score of 92/100. Revenue: $1.5M. Assets: $1.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Malik Academy?
The Employer Identification Number (EIN) for Malik Academy is 201276247. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Malik Academy spend its money?
Malik Academy allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Malik Academy's tax-exempt status?
You can verify Malik Academy's tax-exempt status using EIN 201276247 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Malik Academy demonstrates a generally stable financial trajectory with consistent revenue generation over the past decade, averaging around $1 million annually. The organization has shown a positive trend in asset growth, increasing from $107,645 in 2015 to over $1 million in its latest filing, indicating effective financial management and accumulation of resources. While expenses have fluctuated, they have largely remained in line with or slightly below revenue in recent years, contributing to the growth in net assets. The absence of reported officer compensation across all filings suggests a strong commitment to directing funds towards the organization's mission rather than executive salaries, enhancing its financial efficiency and transparency.
The academy's financial health appears robust, with a healthy asset base relative to its annual revenue. The consistent growth in assets and the positive net income in recent periods (e.g., $104,854 in 202407 and $217,019 in 202307) indicate a sustainable financial model. The organization's transparency is high, particularly given the zero reported officer compensation, which is a significant positive indicator for donors and stakeholders. This suggests that the organization is prioritizing its programmatic activities and operational needs over executive remuneration, aligning with best practices for nonprofit financial stewardship.
Overall, Malik Academy exhibits strong financial health, efficient spending, and a high degree of transparency, particularly concerning executive compensation. The consistent growth in assets and the prudent management of expenses relative to revenue position the organization well for continued impact. The detailed filing history further supports a picture of responsible financial oversight and a clear dedication to its mission.