Madison Family Medicine Residency Corporation

Analysis

Madison Family Medicine Residency Corporation is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in August 1994, 32 years ago. 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, Madison Family Medicine Residency Corporation reported income of $513k and spending of $488k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $947k to $513k (-46%), an average of -14% a year. The sharpest change came in the year to December 2022, when income dropped by 35%. Over the whole period it spent 76% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Madison Family Medicine Residency Corporation sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within WI. Charities of a similar size with the same main cause include International African Arts Festival ($513k), The Bernard Osher Jewish Philanthropies Foundation ($513k) and Lutheran Housing Services 6 Incorporated ($513k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $6.7m against liabilities of $4.1m, net assets of $2.5m.