Madison Museum of Contemporary Art Foundation

Analysis

Madison Museum of Contemporary Art Foundation is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in January 2000, 26 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending April 2023, Madison Museum of Contemporary Art Foundation reported income of $168k and spending of $773k, spending 459% of what it took in. Across the 4 years on record, from April 2020 to April 2023, income fell from $3.0m to $168k (-94%), an average of -62% a year. The sharpest change came in the year to April 2022, when income rose by 116%. Over the whole period it spent 58% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Madison Museum of Contemporary Art Foundation sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 49th percentile within WI. Charities of a similar size with the same main cause include Abrace Inc - Brazilian Association of Culture and Education ($168k), Volunteer Ascension ($169k) and Aauw-Wa Special Projects Fund ($168k).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 110% of the total. At year end it held assets of $9.6m against liabilities of $0, net assets of $9.6m.