Madison Visionary Partners

Analysis

Madison Visionary Partners is a registered charity in United States, based in Madison, AL. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general 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 December 2023, Madison Visionary Partners reported income of $340k and spending of $642k, spending 189% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $413k to $340k (-18%), an average of -9.3% a year. The sharpest change came in the year to December 2022, when income dropped by 22%. Over the whole period it spent 77% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Madison Visionary Partners sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 66th percentile within AL. Charities of a similar size with the same main cause include Snow Redfern Memorial Foundation ($340k), Live Love Nashville ($340k) and Norton County Community Foundation Inc ($340k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $49k (7.7% of expenses). Other salaries and wages came to $7,676. At year end it held assets of $288k against liabilities of $1,988, net assets of $286k. It reported 2 employees.