Madison Senior Citizens Inc

Analysis

Madison Senior Citizens Inc is a registered charity in United States, based in Madison, NE. It received its IRS tax-exemption ruling in February 1980, 46 years ago. 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 June 2023, Madison Senior Citizens Inc reported income of $97k and spending of $90k, spending 92% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $79k to $97k (+24%), an average of +24% a year. The sharpest change came in the year to June 2023, when income rose by 24%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Madison Senior Citizens Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 35th percentile within NE. Charities of a similar size with the same main cause include Stiegel Glassworks 1976 ($97k), Indiana Association of Area Vocational Districts Inc ($97k) and Founding Fathers Papers Inc ($97k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 60% and program service revenue 38% of the total. At year end it held assets of $169k against liabilities of $0, net assets of $169k.