Friends of Madison Youth Inc

Analysis

Friends of Madison Youth Inc is a registered charity in United States, based in Madison, CT. It received its IRS tax-exemption ruling in August 1998, 28 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 December 2023, Friends of Madison Youth Inc reported income of $246k and spending of $253k, spending 103% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $277k to $246k (-11%), an average of -11% a year. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Friends of Madison Youth Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 55th percentile within CT. Charities of a similar size with the same main cause include Trauma Intervention Programs Inc ($246k), Golden Visions Adult Day Servies and Community Senior Center ($246k) and Lancaster Fairfield County Charity Newsies Inc ($246k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $65k (25% of expenses). Other salaries and wages came to $88k. At year end it held assets of $178k against liabilities of $31k, net assets of $147k. It reported 5 employees.