Madonna Place Inc

Analysis

Madonna Place Inc is a registered charity in United States, based in Norwich, CT. It received its IRS tax-exemption ruling in February 1989, 37 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 June 2024, Madonna Place Inc reported income of $1.6m and spending of $1.7m, spending 102% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.1m to $1.6m (+49%), an average of +10% a year. The sharpest change came in the year to June 2022, when income rose by 27%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Madonna Place Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within CT. Charities of a similar size with the same main cause include World Childhood Foundation Inc ($1.6m), Ecumenical Social Action Committee Inc ($1.6m) and Self-Reliance Inc ($1.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 96% and program service revenue 1.1% of the total. Other salaries and wages came to $1.0m. At year end it held assets of $1.0m against liabilities of $263k, net assets of $739k. It reported 23 employees.