Madisons Nite in Hand

Analysis

Madisons Nite in Hand is a registered charity in United States, based in Madison, CT. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. 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 July 2024, Madisons Nite in Hand reported income of $50k and spending of $66k, spending 131% of what it took in. Across the 3 years on record, from July 2022 to July 2024, income fell from $57k to $50k (-11%), an average of -5.9% a year. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Madisons Nite in Hand sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 18th percentile within CT. Charities of a similar size with the same main cause include Langham Creek Choir Parents Association ($50k), Pike County Mississippi Scholars Inc ($50k) and 16th Avenue School Parent Teacher Organization ($50k).

On its Form 990-EZ for the period ending July 2024, revenue came from contributions and grants 33% and program service revenue 67% of the total. At year end it held assets of $39k against liabilities of $0, net assets of $39k.