Malik Academy
Malik Academy shows consistent revenue, strong asset growth, and zero reported officer compensation over the past decade.
EIN: 201276247 · Cambridge, MA · NTEE: B24 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.5M |
| Total Expenses | $1.0M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $551K |
| Transparency Score | 92/100 |
Is Malik Academy Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Malik Academy directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Malik Academy
Malik Academy (EIN: 201276247) is a nonprofit organization based in Cambridge, MA, classified under NTEE code B24. The organization reported total revenue of $1.5M and total assets of $1.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Malik Academy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Malik Academy is a mid-size nonprofit that has been operating for 19 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 5.0%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $1.0M |
| Surplus / Deficit | +$105K |
| Total Assets | $622K |
| Total Liabilities | $71K |
| Net Assets | $551K |
| Operating Margin | 9.5% |
| Debt-to-Asset Ratio | 11.4% |
| Months of Reserves | 7.4 months |
Financial Health Grade: A
In 2024, Malik Academy reported a surplus of $105K with revenue exceeding expenses, holds 7.4 months of operating reserves (strong position), has a debt-to-asset ratio of 11.4% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Malik Academy's revenue has grown at a compound annual growth rate (CAGR) of 5.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +9.7% | +26.5% | +24.0% |
| 2023 | +32.9% | +12.4% | +80.5% |
| 2022 | -1.7% | -11.0% | +9.8% |
| 2021 | -2.6% | -10.6% | +29.6% |
| 2020 | -21.2% | -7.3% | -2.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Malik Academy with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Malik Academy allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $105K, with revenue exceeding expenses.
- Debt-to-asset ratio: 11.4%.
Executive Compensation Analysis
Malik Academy consistently reports 0% officer compensation across all 14 filings, indicating that no salaries are paid to officers, which is highly unusual for an organization with over $1 million in annual revenue and suggests a strong dedication to mission-focused spending.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Malik Academy:
- 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.
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 legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Malik Academy spend its money?
Malik Academy directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Malik Academy tax-deductible?
Malik Academy is registered as a tax-exempt nonprofit (EIN: 201276247). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Malik Academy CEO make?
Malik Academy's highest-compensated officer earns $1 annually. The organization reported $1.5M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Malik Academy's spending goes to programs?
Malik Academy directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Malik Academy compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Malik Academy is above average for NTEE category B24 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Malik Academy located?
Malik Academy is headquartered in Cambridge, Massachusetts and files with the IRS under EIN 201276247. It is classified under NTEE code B24.
How many years of IRS 990 filings does Malik Academy have?
Malik Academy has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.5M in total revenue.
Is Malik Academy a good charity?
Based on its financial data, Malik Academy appears to be a very good charity. It demonstrates strong financial health with growing assets, consistent revenue, and notably, zero reported officer compensation, indicating a high dedication to its mission.
How has Malik Academy's financial health changed over time?
Malik Academy's financial health has significantly improved. Assets have grown from $107,645 in 2015 to over $1 million in the latest filing, and the organization has consistently generated positive net income in recent years, indicating strong financial management and sustainability.
What is Malik Academy's approach to executive compensation?
Malik Academy's approach to executive compensation is highly conservative, reporting 0% officer compensation in all available filings. This suggests that leadership roles are either unpaid or compensated through other means not classified as officer compensation, which is a strong indicator of efficiency.
Does Malik Academy effectively manage its expenses?
Yes, Malik Academy appears to effectively manage its expenses. In recent periods, expenses have been consistently lower than revenue (e.g., $1,001,721 expenses vs. $1,106,575 revenue in 202407), leading to positive net income and asset growth.
Filing History
IRS 990 filing history for Malik Academy showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Malik Academy's revenue has grown by 87.6%, moving from $590K to $1.1M. Total assets increased by 748.5% over the same period, from $73K to $622K. Total functional expenses rose by 74.8%, from $573K to $1.0M. In its most recent filing year (2024), Malik Academy reported a surplus of $105K, with revenue exceeding expenses. The organization holds $71K in liabilities against $622K in assets (debt-to-asset ratio: 11.4%), resulting in net assets of $551K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $1.1M | $1.0M | $622K | $71K | — | View 990 |
| 2023 | $1.0M | $792K | $501K | $55K | — | View 990 |
| 2022 | $759K | $704K | $278K | $240K | — | View 990 |
| 2021 | $772K | $791K | $253K | $321K | — | View 990 |
| 2020 | $793K | $886K | $195K | $243K | — | View 990 |
| 2019 | $1.0M | $955K | $200K | $156K | — | View 990 |
| 2018 | $953K | $1.0M | $143K | $149K | — | View 990 |
| 2017 | $1.0M | $1.0M | $166K | $103K | — | — |
| 2016 | $1.0M | $1.0M | $159K | $75K | — | View 990 |
| 2015 | $1.1M | $1.1M | $108K | $61K | — | View 990 |
| 2014 | $922K | $924K | $129K | $72K | — | View 990 |
| 2013 | $788K | $773K | $90K | $48K | — | View 990 |
| 2012 | $698K | $668K | $98K | $14K | — | View 990 |
| 2011 | $590K | $573K | $73K | $20K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $1.1M, expenses of $1.0M, and assets of $622K (revenue +9.7% year-over-year).
- 2023: Revenue of $1.0M, expenses of $792K, and assets of $501K (revenue +32.9% year-over-year).
- 2022: Revenue of $759K, expenses of $704K, and assets of $278K (revenue -1.7% year-over-year).
- 2021: Revenue of $772K, expenses of $791K, and assets of $253K (revenue -2.6% year-over-year).
- 2020: Revenue of $793K, expenses of $886K, and assets of $195K (revenue -21.2% year-over-year).
- 2019: Revenue of $1.0M, expenses of $955K, and assets of $200K (revenue +5.5% year-over-year).
- 2018: Revenue of $953K, expenses of $1.0M, and assets of $143K (revenue -7.4% year-over-year).
- 2017: Revenue of $1.0M, expenses of $1.0M, and assets of $166K (revenue -1.6% year-over-year).
- 2016: Revenue of $1.0M, expenses of $1.0M, and assets of $159K (revenue -2.1% year-over-year).
- 2015: Revenue of $1.1M, expenses of $1.1M, and assets of $108K (revenue +15.9% year-over-year).
- 2014: Revenue of $922K, expenses of $924K, and assets of $129K (revenue +17.1% year-over-year).
- 2013: Revenue of $788K, expenses of $773K, and assets of $90K (revenue +12.9% year-over-year).
- 2012: Revenue of $698K, expenses of $668K, and assets of $98K (revenue +18.4% year-over-year).
- 2011: Revenue of $590K, expenses of $573K, and assets of $73K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Malik Academy:
Data Sources and Methodology
This transparency report for Malik Academy is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.