The Madison Foundation Inc

Analysis

The Madison Foundation Inc is a registered charity in United States, based in Madison, CT. It received its IRS tax-exemption ruling in March 1997, 29 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, The Madison Foundation Inc reported income of $483k and spending of $390k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $381k to $483k (+27%), an average of +6.1% a year. Over the whole period it spent 71% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, The Madison Foundation Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 67th percentile within CT. Charities of a similar size with the same main cause include Options Pregnancy Resource Centers Inc ($483k), Northcentral Pennsylvania Ahec Inc ($484k) and Regional Emergency Medical Services Council of the Hudson Mohawk Valle ($483k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% of the total. At year end it held assets of $2.2m against liabilities of $2,156, net assets of $2.2m.