Madcaps

Analysis

Madcaps is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in August 1985, 41 years ago. 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 June 2023, Madcaps reported income of $102k and spending of $129k, spending 127% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $130k to $102k (-22%), an average of -7.8% a year. The sharpest change came in the year to June 2022, when income rose by 136%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Madcaps sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 40th percentile within CA. Charities of a similar size with the same main cause include Institute for Excellence in Government ($102k), Equity-Alliance-Group Inc ($102k) and Reaching New Heights Foundation Inc ($102k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 20% and program service revenue 93% of the total. At year end it held assets of $74k against liabilities of $0, net assets of $74k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.