Madonna Circle

Analysis

Madonna Circle is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in September 1967, 59 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Madonna Circle reported income of $166k and spending of $155k, spending 93% of its income. Across the 2 years on record, from May 2022 to May 2023, income grew from $150k to $166k (+11%), an average of +11% a year. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Madonna Circle sits at the 49th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 50th percentile within TN. Charities of a similar size with the same main cause include St Anthonys Catholic School Endowment Fund Inc ($166k), New England Poetry Club Inc ($166k) and The Arc-Grosse Pointe Harper Woods Inc ($166k).

On its Form 990-EZ for the period ending May 2023, revenue came from contributions and grants 27% of the total. At year end it held assets of $228k against liabilities of $0, net assets of $228k.