Madis Place Inc

Analysis

Madis Place Inc is a registered charity in United States, based in Edgewood, MD. It received its IRS tax-exemption ruling in September 2013, 13 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Madis Place Inc reported income of $581k and spending of $361k, leaving 38% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $577k to $581k (+0.7%), an average of +0.4% a year. The sharpest change came in the year to December 2023, when income rose by 50%. Over the whole period it spent 70% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Madis Place Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within MD. Charities of a similar size with the same main cause include D L H Low-Income Housing Inc ($581k), Samaritan Housing Inc ($581k) and 209 South 2nd Street Housing Development Fund Corporation ($581k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $331k against liabilities of $180k, net assets of $151k. It reported 2 employees.