The Madison Center

Analysis

The Madison Center is a registered charity in United States, based in Excelsior, MN. It received its IRS tax-exemption ruling in February 2005, 21 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Madison Center reported income of $458k and spending of $486k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $405k to $458k (+13%), an average of +3.1% a year. The sharpest change came in the year to December 2021, when income rose by 18%. Over the whole period it spent 108% 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 Center 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 69th percentile, and in the 68th percentile within MN. Charities of a similar size with the same main cause include Petal Connection ($458k), Hearts That Care Volunteer Health Clinic Inc ($458k) and Alianza de Autismo de PR Inc ($458k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $324k. At year end it held assets of $140 against liabilities of $154k, net assets of -$154k. It reported 5 employees.

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.