Madruga Foundation Inc

Analysis

Madruga Foundation Inc is a registered charity in United States, based in Floral Park, NY. It received its IRS tax-exemption ruling in August 2017, 9 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Madruga Foundation Inc reported income of $85k and spending of $82k, spending 96% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $209k to $85k (-59%), an average of -26% a year. The sharpest change came in the year to June 2022, when income dropped by 57%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Madruga Foundation Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 33rd percentile within NY. Charities of a similar size with the same main cause include Rowell Six Inc ($85k), Society of St Vincent de Paul St James the Apostle Conference ($85k) and Leonardo Da Vinci Dna Project Inc ($85k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $3,898 against liabilities of $0, net assets of $3,898.