Madison Fireworks Organization Inc

Analysis

Madison Fireworks Organization Inc is a registered charity in United States, based in Madison, CT. It received its IRS tax-exemption ruling in May 2003, 23 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 Fireworks Organization Inc reported income of $51k and spending of $50k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $33k to $51k (+54%), an average of +54% a year. The sharpest change came in the year to December 2023, when income rose by 54%. Over the whole period it spent 126% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Madison Fireworks Organization Inc sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 18th percentile within CT. Charities of a similar size with the same main cause include Manuel Bonilla Ministries Inc ($51k), Ainahau O Kaleponi Hawaiian Civic Club ($51k) and Friends Wilderness Center ($51k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $39k against liabilities of $0, net assets of $39k.