First Congregational Church of Madison Foundation Inc

Analysis

First Congregational Church of Madison Foundation Inc is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in July 1967, 59 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2020, First Congregational Church of Madison Foundation Inc reported income of $187k and spending of $179k, spending 96% of its income. Across the 2 years on record, from December 2019 to December 2020, income fell from $1.4m to $187k (-86%), an average of -86% a year. The sharpest change came in the year to December 2020, when income dropped by 86%. Over the whole period it spent 19% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, First Congregational Church of Madison Foundation Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 52nd percentile within WI. Charities of a similar size with the same main cause include Clay Music ($187k), Vowe Number 37 ($187k) and Mark Purkey Ministries Inc ($187k).

On its Form 990 for the period ending December 2020, revenue came from contributions and grants 65% of the total. At year end it held assets of $3.7m against liabilities of $7,500, net assets of $3.7m.