Madison Area Rehabilitation Centers Inc

Analysis

Madison Area Rehabilitation Centers Inc is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in October 1991, 35 years ago. 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 Area Rehabilitation Centers Inc reported income of $8.3m and spending of $7.3m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.5m to $8.3m (+27%), an average of +6.1% a year. The sharpest change came in the year to December 2022, when income rose by 21%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Madison Area Rehabilitation Centers Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within WI. Charities of a similar size with the same main cause include Franklin Township Food Bank ($8.3m), Committee for Early Childhood Development Day Care Center Incorp ($8.3m) and LA Porte County Comprehensive Mental Health Council Inc ($8.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $102k (1.4% of expenses). Other salaries and wages came to $4.5m. At year end it held assets of $7.5m against liabilities of $1.0m, net assets of $6.5m. It reported 166 employees.