Madison County Veterans Memorial Foundation Inc

Analysis

Madison County Veterans Memorial Foundation Inc is a registered charity in United States, based in Huntsville, AL. It received its IRS tax-exemption ruling in July 2003, 23 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 September 2023, Madison County Veterans Memorial Foundation Inc reported income of $101k and spending of $42k, leaving 59% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income fell from $161k to $101k (-37%), an average of -11% a year. The sharpest change came in the year to September 2023, when income rose by 330%. Over the whole period it spent 104% 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 County Veterans Memorial Foundation Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 36th percentile within AL. Charities of a similar size with the same main cause include Rockwall Summer Musicals Inc ($101k), Solar Culture Gallery Incorporated ($101k) and Tower Chorale ($101k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $18k. At year end it held assets of $174k against liabilities of $574, net assets of $174k. It reported 1 employees.