Madison House

Analysis

Madison House is a registered charity in United States, based in Charlottesvle, VA. It received its IRS tax-exemption ruling in September 1969, 57 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, Madison House reported income of $494k and spending of $1.1m, spending 218% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $723k to $494k (-32%), an average of -9.1% a year. The sharpest change came in the year to June 2020, when income rose by 41%. Over the whole period it spent 109% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Madison House sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within VA. Charities of a similar size with the same main cause include Perfect Peace Inc ($494k), St Johnsbury Area Youth Service Bureau ($494k) and Show and Tell Corporation ($494k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 82% and program service revenue 7.4% of the total. Compensation of current officers, directors and key employees was $32k (3.0% of expenses). Other salaries and wages came to $502k. At year end it held assets of $2.2m against liabilities of $41k, net assets of $2.1m. It reported 18 employees.