Madison Community Housing Incorporated

Analysis

Madison Community Housing Incorporated is a registered charity in United States, based in London, OH. It received its IRS tax-exemption ruling in December 1992, 34 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 (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, Madison Community Housing Incorporated reported income of $165k and spending of $188k, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $182k to $165k (-9.0%), an average of -2.3% a year. The sharpest change came in the year to December 2022, when income rose by 66%. Over the whole period it spent 73% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Madison Community Housing Incorporated sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 50th percentile within OH. Charities of a similar size with the same main cause include Lake Serenity Inc ($165k), Montgomery Park I United Methodist Housing Corporation ($165k) and Making Dreams Reality ($165k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% of the total. At year end it held assets of $1.1m against liabilities of $68k, net assets of $1.0m.