Madison Public Library Inc

Analysis

Madison Public Library Inc is a registered charity in United States, based in Madison, NJ. It received its IRS tax-exemption ruling in October 1997, 29 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Madison Public Library Inc reported income of $285k and spending of $230k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $245k to $285k (+17%), an average of +3.9% a year. The sharpest change came in the year to December 2020, when income rose by 27%. Over the whole period it spent 81% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Madison Public Library Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 67th percentile within NJ. Charities of a similar size with the same main cause include Formidable Joy ($285k), Dos Pueblos High School Foundation ($285k) and The Jewish Federation of Central California ($285k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.9% of the total. At year end it held assets of $7.5m against liabilities of $7,500, net assets of $7.5m.