James Madison Education Fund Inc

Analysis

James Madison Education Fund Inc is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in March 1995, 31 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, James Madison Education Fund Inc reported income of $695k and spending of $528k, leaving 24% of income unspent that year. The sharpest change came in the year to December 2021, when income rose by 51%. Over the whole period it spent 60% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, James Madison Education Fund Inc 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 75th percentile, and in the 75th percentile within VA. Charities of a similar size with the same main cause include Forney Museum ($695k), Luxembourg American Cultural Society Inc ($695k) and Friends of the Coltrane Home in Dix Hills ($695k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.9% of the total. At year end it held assets of $21.3m against liabilities of $8,998, net assets of $21.3m.