Madison Area Arts Alliance Inc

Analysis

Madison Area Arts Alliance Inc is a registered charity in United States, based in Madison, IN. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 Area Arts Alliance Inc reported income of $216k and spending of $190k, spending 88% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $160k to $216k (+35%), an average of +36% a year. The sharpest change came in the year to December 2023, when income rose by 35%. Over the whole period it spent 71% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Madison Area Arts Alliance 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 55th percentile, and in the 54th percentile within IN. Charities of a similar size with the same main cause include The Capital Gallery Society ($216k), Chesapeake Childrens Museum Inc ($216k) and Pony Box Dance Theatre ($216k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 29% of the total. Other salaries and wages came to $60k. At year end it held assets of $109k against liabilities of $0, net assets of $109k. It reported 3 employees.