Madison Hostels Inc

Analysis

Madison Hostels Inc is a registered charity in United States, based in Oneida, NY. It received its IRS tax-exemption ruling in December 1975, 51 years ago. 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 Hostels Inc reported income of $78k and spending of $78k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $193k to $78k (-60%), an average of -20% a year. The sharpest change came in the year to December 2022, when income dropped by 53%. Over the whole period it spent 107% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Madison Hostels Inc 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 30th percentile, and in the 31st percentile within NY. Charities of a similar size with the same main cause include Birthright of Richmond ($78k), Little League Baseball Inc ($78k) and Volunteers of America Inc ($78k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $640k against liabilities of $138k, net assets of $502k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.