Madison Band Patrons Association

Analysis

Madison Band Patrons Association is a registered charity in United States, based in Madison, OH. It received its IRS tax-exemption ruling in February 2019, 7 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 August 2023, Madison Band Patrons Association reported income of $61k and spending of $136k, spending 222% of what it took in. Across the 2 years on record, from August 2022 to August 2023, income fell from $66k to $61k (-6.6%), an average of -6.6% a year. Over the whole period it spent 136% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Madison Band Patrons Association sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 24th percentile within OH. Charities of a similar size with the same main cause include New Bremen Historic Association ($61k), Stamford House Historic Preservation Foundation Inc ($61k) and New Energy Music ($61k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 3.4% of the total. At year end it held assets of $65k against liabilities of $0, net assets of $65k.