Madison Education Foundation Inc

Analysis

Madison Education Foundation Inc is a registered charity in United States, based in Madison, NJ. It received its IRS tax-exemption ruling in May 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2024, Madison Education Foundation Inc reported income of $124k and spending of $97k, leaving 22% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $101k to $124k (+23%), an average of +5.3% a year. The sharpest change came in the year to June 2024, when income rose by 23%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Madison Education Foundation Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 50th percentile within NJ. Charities of a similar size with the same main cause include St Louis Association of Credit Management ($124k), Glens Gizmos Org ($124k) and Greater Cincinnati Construction Foundation Inc ($124k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 63% of the total. At year end it held assets of $142k against liabilities of $0, net assets of $142k.