Madison County Education Foundation Incorporated

Analysis

Madison County Education Foundation Incorporated is a registered charity in United States, based in Marshall, NC. It received its IRS tax-exemption ruling in May 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2024, Madison County Education Foundation Incorporated reported income of $96k and spending of $112k, spending 118% of what it took in. Across the 3 years on record, from June 2021 to June 2024, income fell from $97k to $96k (-1.3%), an average of -0.6% a year. The sharpest change came in the year to June 2023, when income rose by 84%. Over the whole period it spent 61% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Madison County Education Foundation Incorporated sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 33rd percentile within NC. Charities of a similar size with the same main cause include PTA Ohio Congress ($96k), Maxmath Tutoring Online Inc Texas Branch ($96k) and Franklin- Simpson Good Samaritans Inc ($96k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $262k against liabilities of $262k, net assets of $0.