Madison Area Technical College Foundation Inc

Analysis

Madison Area Technical College Foundation Inc is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in March 1973, 53 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2023, Madison Area Technical College Foundation Inc reported income of $5.5m and spending of $3.3m, leaving 41% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $6.0m to $5.5m (-8.2%), an average of -2.1% a year. The sharpest change came in the year to June 2023, when income rose by 32%. Over the whole period it spent 73% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Madison Area Technical College Foundation Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within WI. Charities of a similar size with the same main cause include Richard Milburn Academy of Florida Inc ($5.5m), Palmdale Aerospace Academy Foundation ($5.5m) and Metrolina Regional Scholars Academy Inc ($5.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 76% and program service revenue 7.6% of the total. Compensation of current officers, directors and key employees was $258k (7.9% of expenses). Other salaries and wages came to $486k. At year end it held assets of $23.6m against liabilities of $1.3m, net assets of $22.3m. It reported 7 employees.