Mad Dads

Analysis

Mad Dads is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in March 2004, 22 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Mad Dads reported income of $1.3m and spending of $1.1m, spending 88% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $457k to $1.3m (+174%), an average of +22% a year. The sharpest change came in the year to December 2020, when income rose by 162%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mad Dads sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within MN. Charities of a similar size with the same main cause include Equipment Connections for Children Inc ($1.3m), Young Womens Christian Association ($1.3m) and Fostering Hope Foundation ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $80k (7.3% of expenses). Other salaries and wages came to $273k. It paid $18k in professional fundraising fees. At year end it held assets of $500k against liabilities of $18k, net assets of $482k. It reported 35 employees.