Friends of Madison School-Community Recreation

Analysis

Friends of Madison School-Community Recreation is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in December 2001, 25 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 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, Friends of Madison School-Community Recreation reported income of $64k and spending of $76k, spending 119% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $62k to $64k (+3.0%), an average of +3.0% a year. Over the whole period it spent 160% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Friends of Madison School-Community Recreation sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 22nd percentile within WI. Charities of a similar size with the same main cause include Cottage Health Foundation ($64k), Ed Banes Memorial Scholarship Fund ($64k) and Muslim Volunteers for New York ($64k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 19% of the total. At year end it held assets of $48k against liabilities of $0, net assets of $48k.