Madison Street Properties Inc

Analysis

Madison Street Properties Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in July 1996, 30 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Madison Street Properties Inc reported income of $40.8m and spending of $41.8m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $33.5m to $40.8m (+22%), an average of +5.0% a year. Over the whole period it spent 103% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Madison Street Properties Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MD. Charities of a similar size with the same main cause include Friends of Seattle Waterfront ($40.7m), Citizens for Citizens Inc ($41.3m) and Brevard Achievement Center Inc ($40.6m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $711k (1.7% of expenses). Other salaries and wages came to $6.8m. At year end it held assets of $195.2m against liabilities of $174.0m, net assets of $21.2m. It reported 128 employees.