Madison Place of Tallulah Inc

Analysis

Madison Place of Tallulah Inc is a registered charity in United States, based in Tallulah, LA. It received its IRS tax-exemption ruling in April 2002, 24 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Madison Place of Tallulah Inc reported income of $74k and spending of $121k, spending 163% of what it took in. Across the 4 years on record, from September 2020 to September 2023, income fell from $92k to $74k (-19%), an average of -6.7% a year. The sharpest change came in the year to September 2021, when income dropped by 16%. Over the whole period it spent 169% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Madison Place of Tallulah Inc sits at the 17th percentile: it is larger than about 16% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 29th percentile within LA. Charities of a similar size with the same main cause include Naomis Place Transitional Housing Inc ($74k), Ken-Crest Housing Pa 2000 Inc ($74k) and Arlington Avenue Apartments Incoporated ($74k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 55% and program service revenue 45% of the total. Other salaries and wages came to $26k. At year end it held assets of $578k against liabilities of $43k, net assets of $536k. It reported 3 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.