Madison Adoption Associates Ltd

Analysis

Madison Adoption Associates Ltd is a registered charity in United States, based in Claymont, DE. It received its IRS tax-exemption ruling in May 2000, 26 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 December 2023, Madison Adoption Associates Ltd reported income of $1.8m and spending of $2.4m, spending 136% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.8m to $1.8m (-3.4%), an average of -0.9% a year. The sharpest change came in the year to December 2021, when income rose by 26%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Madison Adoption Associates Ltd sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 82nd percentile within DE. Charities of a similar size with the same main cause include Refugee Federation Service Center ($1.8m), Young Womens Christian Association of Malden ($1.8m) and Jumpstart Enrichment for Tomorrows Students Incorporated ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.2% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $276k (11% of expenses). Other salaries and wages came to $959k. At year end it held assets of $1.4m against liabilities of $251k, net assets of $1.1m. It reported 41 employees.