Madison Residential Services Inc

Analysis

Madison Residential Services Inc is a registered charity in United States, based in Goshen, IN. It received its IRS tax-exemption ruling in August 1985, 41 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Madison Residential Services Inc reported income of $139k and spending of $173k, spending 125% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $128k to $139k (+8.5%), an average of +2.8% a year. Over the whole period it spent 110% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Madison Residential Services Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 43rd percentile within IN. Charities of a similar size with the same main cause include PTA Texas Congress ($139k), Baltimore County Volunteer Firefighters Assoc Inc ($139k) and Parent Booster USA Inc ($139k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 43% and program service revenue 56% of the total. At year end it held assets of $401k against liabilities of $60k, net assets of $342k.