Madraigos Inc

Analysis

Madraigos Inc is a registered charity in United States, based in Woodmere, NY. It received its IRS tax-exemption ruling in September 2006, 20 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Madraigos Inc reported income of $2.0m and spending of $1.9m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $2.0m (+89%), an average of +17% a year. The sharpest change came in the year to December 2022, when income rose by 61%. Over the whole period it spent 97% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Madraigos Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 83rd percentile within NY. Charities of a similar size with the same main cause include Golden Gate Park Golf Development Foundation ($2.0m), Youth with a Mission - Oahu Inc ($2.0m) and Off the Street Club ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 2.4% of the total. Compensation of current officers, directors and key employees was $339k (18% of expenses). Other salaries and wages came to $432k. At year end it held assets of $1.3m against liabilities of $360k, net assets of $908k. It reported 12 employees.