Madison Area CLT Corp

Analysis

Madison Area CLT Corp is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in August 1991, 35 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 CLT Corp reported income of $1.3m and spending of $1.0m, spending 80% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $54k to $1.3m (+2248%), an average of +120% a year. The sharpest change came in the year to December 2022, when income rose by 341%. Over the whole period it spent 77% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Madison Area CLT Corp sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within WI. Charities of a similar size with the same main cause include Kilohana Resident Council ($1.3m), Safe Harbor Easton Inc ($1.3m) and Hamilton Affordable Homes Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 16% of the total. Other salaries and wages came to $157k. It paid $7,575 in professional fundraising fees. At year end it held assets of $2.9m against liabilities of $2.6m, net assets of $248k. It reported 3 employees.