Madison Torske Klubben Foundationinc

Analysis

Madison Torske Klubben Foundationinc is a registered charity in United States, based in Oregon, WI. It received its IRS tax-exemption ruling in September 2006, 20 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 Torske Klubben Foundationinc reported income of $126k and spending of $55k, leaving 57% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $64k to $126k (+98%), an average of +19% a year. The sharpest change came in the year to December 2021, when income rose by 548%. Over the whole period it spent 46% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Madison Torske Klubben Foundationinc 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 43rd percentile, and in the 42nd percentile within WI. Charities of a similar size with the same main cause include Garden City Soccer Club ($126k), New Lenox Mustangs Junior Youth Football ($126k) and Stewartville-Racine Diamond Club ($126k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.8% of the total. At year end it held assets of $1.8m against liabilities of $0, net assets of $1.8m.