Madonna Renewal Center NFP

Analysis

Madonna Renewal Center NFP is a registered charity in United States, based in Freeport, IL. It received its IRS tax-exemption ruling in June 2018, 8 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 December 2023, Madonna Renewal Center NFP reported income of $289k and spending of $240k, spending 83% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $410k to $289k (-30%), an average of -16% a year. The sharpest change came in the year to December 2023, when income dropped by 47%. Over the whole period it spent 66% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Madonna Renewal Center NFP sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within IL. Charities of a similar size with the same main cause include J-C Cowboy Church ($289k), Institute for World Evangelization Icpe Mission ($289k) and Worldwide Marriage Encounter - Region 23 Inc ($289k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $32k (13% of expenses). Other salaries and wages came to $22k. At year end it held assets of $1.1m against liabilities of $70k, net assets of $1.1m. It reported 5 employees.