Historic Madison Inc

Analysis

Historic Madison Inc is a registered charity in United States, based in Madison, IN. It received its IRS tax-exemption ruling in November 1963, 63 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 (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, Historic Madison Inc reported income of $146k and spending of $61k, leaving 58% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $88k to $146k (+67%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 88%. Over the whole period it spent 60% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Historic Madison Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 44th percentile within IN. Charities of a similar size with the same main cause include High Valley Arts Foundation ($146k), Texans for the Arts Foundation ($146k) and Samahan Filipino American Performing Arts & Education Center ($146k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 2.7% of the total. At year end it held assets of $1.2m against liabilities of $1,000, net assets of $1.2m.