The Against Malaria Foundation
The Against Malaria Foundation consistently directs nearly 100% of its revenue to programs with zero officer compensation.
EIN: 203069841 · Kansas City, MO · NTEE: G12 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $119.4M |
| Total Expenses | $62.2M |
| Program Spending | 99% |
| CEO/Top Officer Pay | $100 |
| Net Assets | $48K |
| Transparency Score | 98/100 |
Is The Against Malaria Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Against Malaria Foundation directs 99% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Against Malaria Foundation
The Against Malaria Foundation (EIN: 203069841) is a nonprofit organization based in Kansas City, MO, classified under NTEE code G12. The organization reported total revenue of $119.4M and total assets of $288K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Against Malaria Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Against Malaria Foundation is a major nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 32.6%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $62.3M |
| Total Expenses | $62.2M |
| Surplus / Deficit | +$48K |
| Total Assets | $48K |
| Net Assets | $48K |
| Operating Margin | 0.1% |
| Months of Reserves | 0.0 months |
Financial Health Grade: A
In 2024, The Against Malaria Foundation reported a surplus of $48K with revenue exceeding expenses, holds 0.0 months of operating reserves (limited).
Financial Trends
Over 13 years of filings (2012–2024), The Against Malaria Foundation's revenue has grown at a compound annual growth rate (CAGR) of 32.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +70.3% | +70.2% | +8357.1% |
| 2023 | -61.8% | -61.9% | +80.2% |
| 2022 | +3.7% | +3.5% | -99.7% |
| 2021 | +295.2% | +303.8% | -74.7% |
| 2020 | -12.4% | -13.9% | +103581.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 The Against Malaria Foundation with a Mission Score of 98 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: 1%
- programs: 99%
- fundraising: 0%
According to IRS 990 filings, The Against Malaria Foundation allocates its expenses as follows: admin: 1%, programs: 99%, fundraising: 0%. With 99% 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 $48K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is either unpaid or compensated through other means not reported as officer compensation, which is highly unusual for an organization with revenues exceeding $100 million in some years.
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.
Red Flags
The following concerns were identified during AI analysis of The Against Malaria Foundation's IRS 990 filings:
- Unusually low asset base relative to high revenue, suggesting minimal reserves for unexpected events (though offset by consistent fundraising and immediate deployment of funds)
- 0% officer compensation across all filings is highly unusual for an organization of this scale, potentially indicating alternative compensation structures or a fully volunteer-led executive team that might not be sustainable long-term.
Strengths
The following positive indicators were identified for The Against Malaria Foundation:
- Exceptional program spending ratio, consistently directing nearly 100% of funds to mission-related activities (e.g., 202406: $62,239,002 expenses vs. $62,286,888 revenue).
- Zero reported officer compensation across all filings, demonstrating a strong commitment to minimizing overhead.
- Consistently reported $0 liabilities, indicating excellent financial management and no debt.
- High spending efficiency, with expenses almost perfectly matching revenues year after year, showing immediate deployment of funds.
- Strong fundraising capacity, evidenced by significant and fluctuating annual revenues, including a latest revenue of $119,395,632.
Frequently Asked Questions about The Against Malaria Foundation
Is The Against Malaria Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, The Against Malaria Foundation (EIN: 203069841) some concerns. Mission Score: 98/100. 2 red flags identified, 5 strengths noted.
How does The Against Malaria Foundation spend its money?
The Against Malaria Foundation directs 99% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Against Malaria Foundation tax-deductible?
The Against Malaria Foundation is registered as a tax-exempt nonprofit (EIN: 203069841). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the The Against Malaria Foundation CEO make?
The Against Malaria Foundation's highest-compensated officer earns $100 annually. The organization reported $119.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does The Against Malaria Foundation compare to similar nonprofits?
With a transparency score of 98/100 (Excellent), The Against Malaria Foundation is above average for NTEE category G12 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Against Malaria Foundation located?
The Against Malaria Foundation is headquartered in Kansas City, Missouri and files with the IRS under EIN 203069841. It is classified under NTEE code G12.
How many years of IRS 990 filings does The Against Malaria Foundation have?
The Against Malaria Foundation has 13 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 $119.4M in total revenue.
Is The Against Malaria Foundation a good charity?
Based on its financial filings, The Against Malaria Foundation appears to be an exceptionally efficient and effective charity, consistently directing nearly all its funds to its programs with zero reported officer compensation and no liabilities.
How does AMF manage to have 0% officer compensation?
The IRS 990 filings consistently report 0% officer compensation. This could mean that executive roles are filled by volunteers, or compensation is structured in a way that is not reported under 'officer compensation' on the 990, though the former is more likely given their overall financial efficiency.
What is AMF's financial stability given its low asset base?
Despite a relatively low asset base compared to its large revenues (e.g., $288,354 in assets against $119,395,632 latest revenue), AMF's financial stability is strong due to its consistent ability to raise significant funds and immediately deploy them for its mission, as evidenced by expenses closely matching revenues year after year. The $0 liabilities also indicate no outstanding debt.
How does AMF's spending efficiency compare to other nonprofits?
AMF's spending efficiency, with nearly 100% of expenses going to programs and 0% officer compensation, is exceptionally high and significantly outperforms most other nonprofits, which typically have higher administrative and fundraising costs.
What is the trend in AMF's revenue?
AMF's revenue has fluctuated significantly year-to-year, ranging from $11,440,252 in 201506 to $95,777,874 in 202206 and $119,395,632 in its latest reported period, indicating strong but variable donor support.
Filing History
IRS 990 filing history for The Against Malaria Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), The Against Malaria Foundation's revenue has grown by 2858.2%, moving from $2.1M to $62.3M. Total assets increased by 4845800% over the same period, from $1 to $48K. Total functional expenses rose by 2855.9%, from $2.1M to $62.2M. In its most recent filing year (2024), The Against Malaria Foundation reported a surplus of $48K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $62.3M | $62.2M | $48K | $0 | — | View 990 |
| 2023 | $36.6M | $36.6M | $573 | $0 | — | View 990 |
| 2022 | $95.8M | $95.9M | $318 | $0 | — | View 990 |
| 2021 | $92.4M | $92.7M | $107K | $0 | — | — |
| 2020 | $23.4M | $22.9M | $422K | $0 | — | View 990 |
| 2019 | $26.7M | $26.7M | $407 | $0 | — | View 990 |
| 2018 | $25.7M | $25.8M | $1 | $0 | — | View 990 |
| 2017 | $33.8M | $33.8M | $16K | $0 | — | View 990 |
| 2016 | $43.2M | $43.2M | $67K | $0 | — | View 990 |
| 2015 | $11.4M | $11.4M | $66K | $0 | — | View 990 |
| 2014 | $2.8M | $2.8M | $673 | $0 | — | View 990 |
| 2013 | $5.3M | $5.3M | $19K | $0 | — | View 990 |
| 2012 | $2.1M | $2.1M | $1 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $62.3M, expenses of $62.2M, and assets of $48K (revenue +70.3% year-over-year).
- 2023: Revenue of $36.6M, expenses of $36.6M, and assets of $573 (revenue -61.8% year-over-year).
- 2022: Revenue of $95.8M, expenses of $95.9M, and assets of $318 (revenue +3.7% year-over-year).
- 2021: Revenue of $92.4M, expenses of $92.7M, and assets of $107K (revenue +295.2% year-over-year).
- 2020: Revenue of $23.4M, expenses of $22.9M, and assets of $422K (revenue -12.4% year-over-year).
- 2019: Revenue of $26.7M, expenses of $26.7M, and assets of $407 (revenue +3.6% year-over-year).
- 2018: Revenue of $25.7M, expenses of $25.8M, and assets of $1 (revenue -23.8% year-over-year).
- 2017: Revenue of $33.8M, expenses of $33.8M, and assets of $16K (revenue -21.8% year-over-year).
- 2016: Revenue of $43.2M, expenses of $43.2M, and assets of $67K (revenue +277.3% year-over-year).
- 2015: Revenue of $11.4M, expenses of $11.4M, and assets of $66K (revenue +304.7% year-over-year).
- 2014: Revenue of $2.8M, expenses of $2.8M, and assets of $673 (revenue -46.4% year-over-year).
- 2013: Revenue of $5.3M, expenses of $5.3M, and assets of $19K (revenue +150.5% year-over-year).
- 2012: Revenue of $2.1M, expenses of $2.1M, and assets of $1.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Against Malaria Foundation:
Data Sources and Methodology
This transparency report for The Against Malaria Foundation 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.