Madeline Corporation

Analysis

Madeline Corporation is a registered charity in United States, based in Palisades Park, NJ. It received its IRS tax-exemption ruling in July 1996, 30 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 December 2023, Madeline Corporation reported income of $1.5m and spending of $587k, leaving 61% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.4m to $1.5m (-66%), an average of -24% a year. The sharpest change came in the year to December 2020, when income rose by 68%. Over the whole period it spent 13% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Madeline Corporation sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 86th percentile within NJ. Charities of a similar size with the same main cause include Nestquest Houston Inc ($1.5m), St Justins Plaza Inc ($1.5m) and Commcare Tangipahoa ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 14% of the total. Compensation of current officers, directors and key employees was $60k (10% of expenses). Other salaries and wages came to $84k. At year end it held assets of $28.0m against liabilities of $582k, net assets of $27.4m. It reported 3 employees.