Madison Community Foundation

Analysis

Madison Community Foundation is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in May 1995, 31 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, Madison Community Foundation reported income of $20.1m and spending of $15.3m, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $43.8m to $20.1m (-54%), an average of -18% a year. The sharpest change came in the year to December 2023, when income dropped by 46%. Over the whole period it spent 62% 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 Community Foundation sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within WI. Charities of a similar size with the same main cause include 3m Open Fund ($20.1m), North Dakota Community Foundation ($20.1m) and United Way of South Central Mi ($20.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% of the total. Compensation of current officers, directors and key employees was $818k (5.4% of expenses). Other salaries and wages came to $813k. At year end it held assets of $294.1m against liabilities of $37.9m, net assets of $256.2m. It reported 20 employees.