Madre Inc

Analysis

Madre Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 1984, 42 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 September 2023, Madre Inc reported income of $8.5m and spending of $13.9m, spending 164% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $9.1m to $8.5m (-6.4%), an average of -1.6% a year. The sharpest change came in the year to September 2022, when income rose by 205%. Over the whole period it spent 74% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Madre Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within NY. Charities of a similar size with the same main cause include Management Technologies International Inc ($8.4m), Fund for Armenian Relief Inc ($8.6m) and Health Systems Insight ($8.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 93% of the total. Compensation of current officers, directors and key employees was $357k (2.6% of expenses). Other salaries and wages came to $2.9m. It paid $90k in professional fundraising fees. At year end it held assets of $29.6m against liabilities of $1.3m, net assets of $28.4m. It reported 33 employees.