Startingblock Madison Inc

Analysis

Startingblock Madison Inc is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in May 2014, 12 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Startingblock Madison Inc reported income of $1.1m and spending of $1.6m, spending 141% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $712k to $1.1m (+60%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 96%. Over the whole period it spent 130% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Startingblock Madison Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within WI. Charities of a similar size with the same main cause include Southwest Creations Collaborative ($1.1m), Hope Plaza Inc ($1.1m) and Nelson Char Subtrust 01-21957 01 ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $107k (6.6% of expenses). Other salaries and wages came to $114k. It paid $8,417 in professional fundraising fees. At year end it held assets of $2.3m against liabilities of $928k, net assets of $1.4m. It reported 5 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.