Madison Main Street Foundation

Analysis

Madison Main Street Foundation is a registered charity in United States, based in Madison, NJ. It received its IRS tax-exemption ruling in May 2015, 11 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 Main Street Foundation reported income of $99k and spending of $98k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $116k to $99k (-15%), an average of -15% a year. Over the whole period it spent 88% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Madison Main Street Foundation sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 44th percentile within NJ. Charities of a similar size with the same main cause include Hustisford Community Hall Association Incorporated ($99k), Sacramento Bicycle Kitchen ($99k) and Hispanic Entrepreneur Initiative Inc ($99k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 0.6% and program service revenue 99% of the total. At year end it held assets of $170k against liabilities of $0, net assets of $170k.