Madav IX Foundation

Analysis

Madav IX Foundation is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in March 1990, 36 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Madav IX Foundation reported income of $1.1m and spending of $738k, leaving 31% of income unspent that year. The sharpest change came in the year to June 2022, when income rose by 356%. Over the whole period it spent -774% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Madav IX Foundation sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within OH. Charities of a similar size with the same main cause include Michigan Federation for Children and Families ($1.1m), Community Housing Ministry Inc ($1.1m) and Boys and Girls Home of Sioux City Iowa ($1.1m).

At year end it held assets of $16.4m against liabilities of $5.4m, net assets of $11.0m.