Clay Madsen Benefit Fund Inc

Analysis

Clay Madsen Benefit Fund Inc is a registered charity in United States, based in Round Rock, TX. It received its IRS tax-exemption ruling in May 2004, 22 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Clay Madsen Benefit Fund Inc reported income of $161k and spending of $162k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $193k to $161k (-17%), an average of -17% a year. The sharpest change came in the year to December 2023, when income dropped by 17%. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Clay Madsen Benefit Fund Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 53rd percentile within TX. Charities of a similar size with the same main cause include Angel Heart Farm Inc ($161k), National Nutrition Standard ($161k) and Nicu Parent Network Inc ($161k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $136k against liabilities of $0, net assets of $136k.