Madison Parks Foundation Inc

Analysis

Madison Parks Foundation Inc is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in May 2003, 23 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 Parks Foundation Inc reported income of $1.2m and spending of $489k, leaving 60% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $408k to $1.2m (+199%), an average of +32% a year. The sharpest change came in the year to December 2021, when income rose by 707%. Over the whole period it spent 67% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Madison Parks Foundation Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within WI. Charities of a similar size with the same main cause include Youth for Christ USA Inc ($1.2m), The Kathy Herward Child Care Center ($1.2m) and California Future Farmers of America Foundation ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $93k (19% of expenses). Other salaries and wages came to $22k. It paid $63 in professional fundraising fees. At year end it held assets of $4.7m against liabilities of $263k, net assets of $4.5m. It reported 2 employees.