Madison Cultural Arts

Analysis

Madison Cultural Arts is a registered charity in United States, based in Madison, CT. It received its IRS tax-exemption ruling in November 1996, 30 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 December 2023, Madison Cultural Arts reported income of $68k and spending of $2,897, leaving 96% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $60k to $68k (+14%), an average of +14% a year. Over the whole period it spent 4.6% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Madison Cultural Arts sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 25th percentile within CT. Charities of a similar size with the same main cause include Pictures on Silence ($68k), Every Child a Reader Inc ($68k) and Foundation for World Arts ($68k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 122% of the total. At year end it held assets of $143k against liabilities of $0, net assets of $143k.