Madison Park Housing Corporation

Analysis

Madison Park Housing Corporation is a registered charity in United States, based in Roxbury, MA. It received its IRS tax-exemption ruling in December 1981, 45 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Madison Park Housing Corporation reported income of $2.3m and spending of $120k, leaving 95% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.4m to $2.3m (-2.2%), an average of -0.6% a year. Over the whole period it spent 4.3% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Madison Park Housing Corporation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within MA. Charities of a similar size with the same main cause include Northern California Community Housing Corporation ($2.3m), Housing Opportunity Development Corporation ($2.3m) and Josephs House for Women Inc ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 71% of the total. At year end it held assets of $63.6m against liabilities of $181k, net assets of $63.4m.