Mad Foundation Inc

Analysis

Mad Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Mad Foundation Inc reported income of $1.1m and spending of $1.0m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.3m to $1.1m (-19%), an average of -5.1% a year. The sharpest change came in the year to December 2020, when income dropped by 68%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mad Foundation Inc sits at the 77th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 76th percentile within NY. Charities of a similar size with the same main cause include Anchorage Waldorf Education Association Inc ($1.1m), Big Bend Community College Foundation ($1.1m) and Onondaga Free Library ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.2% of the total. It paid $171k in professional fundraising fees. At year end it held assets of $1.4m against liabilities of $73k, net assets of $1.3m.