Madonna of the Streets Inc

Analysis

Madonna of the Streets Inc is a registered charity in United States, based in Peoria, IL. It received its IRS tax-exemption ruling in November 2011, 15 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Madonna of the Streets Inc reported income of $478k and spending of $509k, spending 106% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $283k to $478k (+69%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 638%. Over the whole period it spent 55% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Madonna of the Streets Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within IL. Charities of a similar size with the same main cause include Jeffrey Foundation ($478k), Kids Corral Inc ($478k) and Adult Comprehensive Human Services Inc ($478k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% of the total. Compensation of current officers, directors and key employees was $33k (6.6% of expenses). Other salaries and wages came to $183k. At year end it held assets of $1.9m against liabilities of $13k, net assets of $1.9m.