Madonna Meadows of Rochester

Analysis

Madonna Meadows of Rochester is a registered charity in United States, based in Rochester, MN. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Madonna Meadows of Rochester reported income of $3.6m and spending of $4.4m, spending 121% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.2m to $3.6m (+12%), an average of +2.9% a year. Over the whole period it spent 113% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Madonna Meadows of Rochester sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within MN. Charities of a similar size with the same main cause include Minnetonka Hopkins Gymnastics Association ($3.6m), New England Music Camp Association ($3.6m) and Springhaven Inc ($3.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.9% and program service revenue 99% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $4.2m against liabilities of $5.7m, net assets of -$1.5m. It reported 106 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.