Madison Savoyards Ltd

Analysis

Madison Savoyards Ltd is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in January 1975, 51 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 Savoyards Ltd reported income of $59k and spending of $44k, leaving 26% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $41k to $59k (+45%), an average of +46% a year. The sharpest change came in the year to December 2023, when income rose by 45%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Madison Savoyards Ltd sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 20th percentile within WI. Charities of a similar size with the same main cause include North Bay Performing Arts ($59k), Cumberland Players ($59k) and Hanford Mills Museum Endowment Fund ($59k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 59% of the total. At year end it held assets of $61k against liabilities of $1,850, net assets of $59k.