Madtown BMX Inc

Analysis

Madtown BMX Inc is a registered charity in United States, based in Deforest, WI. It received its IRS tax-exemption ruling in April 2016, 10 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Madtown BMX Inc reported income of $70k and spending of $81k, spending 116% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $60k to $70k (+17%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 117% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Madtown BMX Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 25th percentile within WI. Charities of a similar size with the same main cause include Greensboro Public Library Foundation Inc ($70k), White Squirrel Pickleball Association ($70k) and Ep Baseball Booster Inc ($70k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 81% of the total. At year end it held assets of $28k against liabilities of $0, net assets of $28k.