Madrid Educational Endowment Foundation

Analysis

Madrid Educational Endowment Foundation is a registered charity in United States, based in Madrid, IA. It received its IRS tax-exemption ruling in September 1994, 32 years ago. Its declared purposes cover unknown, which this site groups under other charitable 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 June 2023, Madrid Educational Endowment Foundation reported income of $416k and spending of $31k, leaving 92% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $1,451 to $416k (+28554%), an average of +28554% a year. The sharpest change came in the year to June 2023, when income rose by 28554%. Over the whole period it spent 9.1% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Madrid Educational Endowment Foundation sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 70th percentile within IA. Charities of a similar size with the same main cause include Maccabee Foundation Inc ($416k), Northeastern Connecticut Community Development Corp Inc ($416k) and Claudius Crozet Park Inc ($416k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $865k against liabilities of $0, net assets of $865k.