The Madonna Foundation

Analysis

The Madonna Foundation is a registered charity in United States, based in Lincoln, NE. It received its IRS tax-exemption ruling in February 1972, 54 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 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 June 2024, The Madonna Foundation reported income of $7.8m and spending of $3.8m, leaving 52% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $6.0m to $7.8m (+29%), an average of +6.6% a year. The sharpest change came in the year to June 2024, when income rose by 100%. Over the whole period it spent 94% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Madonna Foundation sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within NE. Charities of a similar size with the same main cause include Denver Public Schools Foundation ($7.8m), Ok Foundation ($7.8m) and Wabash Valley Community Foundation Inc ($7.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 90% and program service revenue 1.5% of the total. Compensation of current officers, directors and key employees was $219k (5.8% of expenses). Other salaries and wages came to $798k. At year end it held assets of $24.3m against liabilities of $1.3m, net assets of $22.9m. It reported 12 employees.