Historic Madison Foundation Inc

Analysis

Historic Madison Foundation Inc is a registered charity in United States, based in Madison, IN. It received its IRS tax-exemption ruling in November 1991, 35 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Historic Madison Foundation Inc reported income of $639k and spending of $529k, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $260k to $639k (+146%), an average of +25% a year. The sharpest change came in the year to December 2023, when income rose by 83%. Over the whole period it spent 114% 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 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 74th percentile, and in the 74th percentile within IN. Charities of a similar size with the same main cause include Acoustic Sound Inc ($639k), Mansfield Fine Arts Guild Inc ($639k) and Litquake Foundation ($639k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 10% and program service revenue 4.1% of the total. Other salaries and wages came to $202k. At year end it held assets of $12.2m against liabilities of $7,200, net assets of $12.2m. It reported 11 employees.