Madonna of the Streets Inc

Analysis

Madonna of the Streets Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in March 1995, 31 years ago. Its declared purposes cover mental health and crisis intervention, 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 July 2023, Madonna of the Streets Inc reported income of $3.6m and spending of $3.7m, spending 102% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $1.8m to $3.6m (+105%), an average of +20% a year. The sharpest change came in the year to July 2021, when income rose by 61%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Madonna of the Streets Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 87th percentile within NY. Charities of a similar size with the same main cause include Love Without Boundaries Foundation ($3.6m), State Legislative Leaders ($3.6m) and Comprehensive Human Services Corporation ($3.6m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $214k. At year end it held assets of $1.2m against liabilities of $313k, net assets of $888k. It reported 11 employees.