Overview
What is Maloto Inc?
Maloto Inc, based in New York, is a nonprofit organization committed to uplifting the lives of vulnerable women and children in northern Malawi. Rooted in the belief that education and economic development can empower individuals to escape poverty, Maloto offers financial and technical support to three local organizations: Kwithu Women's Group, Mzuzu International Academy, and Kwithu Kitchen. These organizations provide a comprehensive range of services, addressing health, education, social, and economic needs, creating a holistic solution for beneficiaries. Maloto, meaning "dreams" in the local language, was founded in 2007 by a group of Malawians living in the United States, driven by the challenges faced in their communities. Maloto provides an annual operating subsidy to Mzuzu Academy, scholarships for local children, and funds for capital improvement projects as needed.
Official website here: www.maloto.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Maloto Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong accountability and financial performance. With an Accountability & Finance score of 96 and a Leadership & Adaptability score of 100, the organization demonstrates a commitment to effective management and transparency. The majority of its board members are independent, ensuring that decisions are made with integrity and without conflicts of interest.
The organization excels in its operational practices, boasting a Program Expense Ratio of 88.34%, indicating that a substantial portion of its funding goes directly to programs rather than administrative costs. Furthermore, Maloto Inc has received perfect scores in feedback collection and usage, highlighting its commitment to stakeholder engagement and adaptability in addressing community needs.
Despite its strengths, the organization has room for improvement in its Equity Strategies score, which stands at 85 out of 100. Nonetheless, the overall data shows that Maloto Inc is well-managed and dedicated to its mission, making it a reliable choice for donors looking to support impactful nonprofit work.
This AI summary has been generated from information found on Charity Navigator.
Is Maloto Inc legitimate?
Maloto Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Maloto Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $166,022
Professional Fundraising Fees: $0
Other Salaries and Wages: $27,789
For more financial information, click here
Official website here: www.maloto.org
What is the mission statement of Maloto Inc?
Maloto Inc, as a non-profit organization, is committed to enhancing the lives of vulnerable women and children in northern Malawi. They believe that access to education and economic development activities can empower these individuals to rise above poverty. Maloto achieves this by offering financial and technical support to three local organizations: Kwithu Women's Group, Mzuzu International Academy, and Kwithu Kitchen. These organizations collaborate to provide a comprehensive range of services, addressing health, education, social, and economic needs throughout a beneficiary's lifetime. By doing so, Maloto, meaning "dreams" in the local language, aims to provide a holistic solution to improve the quality of life for these communities, which was formed in 2007 by Malawians living in the United States to address the specific challenges in their hometown.
Official website here: www.maloto.org
What is the revenue of Maloto Inc?
Maloto Inc's revenue in 2024 was $1,100,874.
Official website here: www.maloto.org
Who are the executives of Maloto Inc and what are their salaries?
The average compensation at Maloto Inc during 2024 was $64,604. There are 3 employees and 14 volunteers at Maloto Inc.
Here are 14 key members and their salaries:
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Official website here: www.maloto.org
Where can I find the form 990 for Maloto Inc?
Maloto Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.maloto.org
Learn more at the official website: www.maloto.org
Mission Statement of Maloto Inc
Maloto Inc, a non-profit organization, is committed to enhancing the lives of vulnerable women and children in northern Malawi. The organization believes that education and economic development activities are key to improving their quality of life and lifting them out of poverty. To achieve this, Maloto provides financial and technical assistance to three local organizations: Kwithu Womens Group, Mzuzu International Academy, and Kwithu Kitchen. These organizations offer a continuum of services, addressing health, educational, social, and economic needs, and provide a holistic solution for the beneficiaries throughout their lifetime. Maloto, meaning "dreams" in the local language, was established in 2007 by Malawians living in the United States, who recognized the specific challenges facing their communities in the north and sought to address them directly.
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Impact
July, 2024
Maloto Inc's impact is significant in improving the lives of vulnerable women and children in northern Malawi. Through its dedication to providing access to education and economic development activities, Maloto empowers individuals to elevate their quality of life and break the cycle of poverty. By supporting local organizations like Kwithu Womens Group, Mzuzu International Academy, and Kwithu Kitchen, Maloto offers a comprehensive range of services addressing health, education, social, and economic needs. The organization's initiatives are crucial in enabling women and children to thrive and create a better future for themselves and their communities.
This information is meant to be a general summary of Maloto Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $1,522
- Gross Receipts: $1,100,874
Assets and Liabilities:
- Total Assets: $163,347
- Total Liabilities: $7,801
- Net Assets: $155,546
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Organization Details
Founding Year
2007
Principal Officer
Ana Msowoya Keys
Website
www.maloto.orgNTEE Category
Code: B11 - Education
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