Madison Street Festival Inc

Analysis

Madison Street Festival Inc is a registered charity in United States, based in Madison, AL. It received its IRS tax-exemption ruling in July 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Madison Street Festival Inc reported income of $68k and spending of $29k, leaving 57% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $4,098 to $68k (+1571%), an average of +1571% a year. The sharpest change came in the year to December 2023, when income rose by 1571%. Over the whole period it spent 60% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Madison Street Festival Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 26th percentile within AL. Charities of a similar size with the same main cause include Hermitage Pto-Hickory ($68k), Metals Service Center Institute Foundation ($68k) and Chinook Middle School Ptsa 2 3 115 ($68k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% of the total. At year end it held assets of $74k against liabilities of $0, net assets of $74k.