Madison Revitalization and Community Development Corporation

Analysis

Madison Revitalization and Community Development Corporation is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in December 1998, 28 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 Revitalization and Community Development Corporation reported income of $501k and spending of $317k, leaving 37% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $813k to $501k (-38%), an average of -38% a year. The sharpest change came in the year to December 2023, when income dropped by 38%. Over the whole period it spent 44% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Madison Revitalization and Community Development Corporation sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within WI. Charities of a similar size with the same main cause include Village Movement California ($501k), United Church Residences of West Jackson Mississippi Inc ($501k) and St Davids Non-Profit Housing Corp ($501k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 10.0% and program service revenue 90% of the total. At year end it held assets of $2.2m against liabilities of $1.4m, net assets of $743k.