Madison Educational Assistance Fund Inc

Analysis

Madison Educational Assistance Fund Inc is a registered charity in United States, based in Madison, KS. It received its IRS tax-exemption ruling in July 1993, 33 years ago. 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 April 2024, Madison Educational Assistance Fund Inc reported income of $121k and spending of $83k, leaving 31% of income unspent that year. Across the 6 years on record, from April 2019 to April 2024, income fell from $406k to $121k (-70%), an average of -22% a year. The sharpest change came in the year to April 2022, when income rose by 124%. Over the whole period it spent 39% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Madison Educational Assistance Fund 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 42nd percentile, and in the 40th percentile within KS. Charities of a similar size with the same main cause include Moosehead Historical Society Inc ($121k), The Illinois Patrons of the Arts in the Vatican Museums ($121k) and Kings Four Ministries Inc ($121k).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 25% of the total. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.