Madison Interfaith Residential Community Inc

Analysis

Madison Interfaith Residential Community Inc is a registered charity in United States, based in Tolland, CT. It received its IRS tax-exemption ruling in May 1975, 51 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Madison Interfaith Residential Community Inc reported income of $841k and spending of $975k, spending 116% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $1.5m to $841k (-44%), an average of -18% a year. The sharpest change came in the year to June 2022, when income rose by 121%. Over the whole period it spent 60% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Madison Interfaith Residential Community Inc sits at the 73rd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 75th percentile within CT. Charities of a similar size with the same main cause include Atria Collective Inc ($841k), North Coast Christian Ministries Inc ($841k) and Court Appointed Special Advocates of Mercer County Inc ($840k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 19% and program service revenue 81% of the total. At year end it held assets of $3.2m against liabilities of $1.8m, net assets of $1.5m.