Madison Main Street Program Inc

Analysis

Madison Main Street Program Inc is a registered charity in United States, based in Madison, IN. It received its IRS tax-exemption ruling in December 1996, 30 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 Main Street Program Inc reported income of $180k and spending of $167k, spending 93% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $244k to $180k (-26%), an average of -14% a year. The sharpest change came in the year to December 2022, when income dropped by 27%. Over the whole period it spent 76% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Madison Main Street Program Inc sits at the 49th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 50th percentile within IN. Charities of a similar size with the same main cause include Associated Builders and Contractors Training Academy ($180k), Tazewell Today Inc ($180k) and German Central Foundation ($180k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $78k. At year end it held assets of $220k against liabilities of $1,756, net assets of $218k. It reported 5 employees.