Newbridge Madison Inc

Analysis

Newbridge Madison Inc is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in June 1980, 46 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Newbridge Madison Inc reported income of $2.6m and spending of $2.6m, spending 97% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $1.3m to $2.6m (+107%), an average of +16% a year. The sharpest change came in the year to December 2019, when income rose by 51%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Newbridge Madison Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within WI. Charities of a similar size with the same main cause include Secured Futures Inc ($2.6m), Community Aid of Elk River ($2.6m) and Brain Injury Association of Massachusetts Inc ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.8% of the total. Compensation of current officers, directors and key employees was $103k (4.0% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $1.5m against liabilities of $440k, net assets of $1.0m. It reported 48 employees.