Madison County Foundation for Excellence in Education Inc

Analysis

Madison County Foundation for Excellence in Education Inc is a registered charity in United States, based in Madison, FL. It received its IRS tax-exemption ruling in June 1992, 34 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 2023, Madison County Foundation for Excellence in Education Inc reported income of $84k and spending of $68k, spending 81% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $103k to $84k (-18%), an average of -6.6% a year. The sharpest change came in the year to June 2021, when income dropped by 25%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Madison County Foundation for Excellence in Education Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 36th percentile within FL. Charities of a similar size with the same main cause include Friends of the Library-Southport Oak Island ($84k), Ascend Educational Fund ($84k) and Oakwood Band Parents Association ($84k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $78k against liabilities of $0, net assets of $78k.