Maloto Inc

What it reported doing in 2024

Kwithu Womens Group (aka Kwithu CBO)Kwithu, which translated means "home", was formed in 2005 by an inspiring group of women who came together to provide assistance to the large number of orphans living in the outskirts of Mzuzu, Malawi even though they themselves had limited means. The Kwithu Orphan Feeding Program was originally conceived to provide hot meals to these orphaned children at a temporary, make-shift community center consisting of a dirt floor and a thatched roof. In 2010, Maloto provided funding for construction of a permanent building to replace this temporary shelter. This new structure has allowed the group to greatly expand its capacity and feed many more children. The feeding program now serves hot, nutritious meals to over 300 children three times a week. For many of these children, this is the most nutritious food they will receive all week. Kwithu is a dynamic, community-based organization and has greatly expanded its activities and its reach. In addition to the feeding program, the Group now operates a number of other initiatives for vulnerable children and families in the community, including: before- and after-school tutoring and recreation programs for over 270 children, an HIV/AIDS information and education service, which supports more than 60 HIV+ children and their families and conducts information and education campaigns in the broader community, an early childhood education program which provides two full-day learning programs for 60 children, ages 3-5 years, providing scholarships for over 70 local orphans and vulnerable children to attend local secondary schools and Malawian Universities, andthe development of income-generation projects for women in the community who often bear the burden of providing for their families alone.The Group also owns and operates its own garden, which not only provides food for the feeding program, but also produces excess produce that is sold in local markets and given to the neediest of families within the Group.

Financial Efficiency

• Mission deployment rate: 91.6%; rating input score 92
• Program expense ratio: 88.2%; rating input score 88
• Fundraising efficiency: $27.33 raised per $1 spent on fundraising; rating input score 66; 66th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: Scored; rating input score 0
• Grant itemization coverage: Scored; rating input score 0
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 93.3%; rating input score 93; 25th percentile among comparable filings
• Governance controls: 7 of 9 controls in place; rating input score 78
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Fail
  • Other executive compensation review process: Fail
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -3.8%; rating input score 26; 26th percentile among comparable filings
• Total-asset coverage ratio: 0.16; rating input score 8; 8th percentile among comparable filings
• Liabilities to assets ratio: 0.65; rating input score 12; 12th percentile among comparable filings
• Officer compensation ratio: 11.8%; rating input score 31; 31st percentile among comparable filings

Growth

• Program expense growth: 1.5% per year; rating input score 100; 24th percentile among comparable filings
• Revenue growth: 3.1% per year; rating input score 100; 32nd percentile among comparable filings
• Asset growth: -0.2% per year; rating input score 0; 17th percentile among comparable filings