Madison Public Schools Foundation Inc

Analysis

Madison Public Schools Foundation Inc is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in February 2002, 24 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 Schools Foundation Inc reported income of $1.7m and spending of $2.8m, spending 169% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.7m to $1.7m (-0.9%), an average of -0.2% a year. The sharpest change came in the year to December 2020, when income rose by 58%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Madison Public Schools Foundation Inc sits at the 81st percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within WI. Charities of a similar size with the same main cause include Arcadia Christian School ($1.7m), Marist High School Foundation ($1.7m) and Anthem Preparatory School ($1.7m).

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 $147k (5.3% of expenses). Other salaries and wages came to $316k. At year end it held assets of $13.3m against liabilities of $595k, net assets of $12.7m.