Madisonville Education and Assistance Center Inc

Analysis

Madisonville Education and Assistance Center Inc is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in March 1988, 38 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 June 2023, Madisonville Education and Assistance Center Inc reported income of $755k and spending of $861k, spending 114% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $1.1m to $755k (-33%), an average of -12% a year. The sharpest change came in the year to June 2021, when income dropped by 25%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Madisonville Education and Assistance Center Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within OH. Charities of a similar size with the same main cause include Lost and Found ($755k), Heartbeat of Toledo Inc ($755k) and Pointe Coupee Early Childhood Coalition Inc ($755k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $103k (12% of expenses). Other salaries and wages came to $242k. At year end it held assets of $672k against liabilities of $19k, net assets of $653k. It reported 10 employees.