Madison Public Library Foundation Inc

Analysis

Madison Public Library Foundation Inc is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in January 1994, 32 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Public Library Foundation Inc reported income of $2.3m and spending of $1.9m, spending 80% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.4m to $2.3m (-4.5%), an average of -1.2% a year. The sharpest change came in the year to December 2020, when income dropped by 46%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Madison Public Library Foundation Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within WI. Charities of a similar size with the same main cause include North Columbus Preparatory Academy ($2.3m), William Rainey Harper College Educational Foundation ($2.3m) and Immanuel Genius Inc ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $143k (7.7% of expenses). Other salaries and wages came to $325k. At year end it held assets of $11.4m against liabilities of $157k, net assets of $11.3m. It reported 11 employees.