Madhyam US a New Jersey Non Profit Corporation

Analysis

Madhyam US a New Jersey Non Profit Corporation is a registered charity in United States, based in Somerset, NJ. It received its IRS tax-exemption ruling in March 2018, 8 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 December 2023, Madhyam US a New Jersey Non Profit Corporation reported income of $111k and spending of $85k, leaving 24% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $84k to $111k (+31%), an average of +32% a year. The sharpest change came in the year to December 2023, when income rose by 31%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Madhyam US a New Jersey Non Profit Corporation sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 47th percentile within NJ. Charities of a similar size with the same main cause include Tear Cap Workshops ($111k), Clarksville Little Theatre Company Inc ($111k) and American-Turkish Association Incorporated ($111k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $129k against liabilities of $0, net assets of $129k.