Madison County 310 Board

Analysis

Madison County 310 Board is a registered charity in United States, based in Huntsville, AL. It received its IRS tax-exemption ruling in January 1992, 34 years ago. 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 September 2024, Madison County 310 Board reported income of $1.7m and spending of $1.5m, spending 92% of its income. Across the 6 years on record, from September 2019 to September 2024, income grew from $1.2m to $1.7m (+35%), an average of +6.3% a year. The sharpest change came in the year to September 2020, when income rose by 18%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Madison County 310 Board sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 88th percentile within AL. Charities of a similar size with the same main cause include Colorado Institute of Developmental Pediatrics Inc ($1.7m), Woodysun Housing Development Fund Corporation ($1.7m) and Our Lady of the Rosary Alaksa ($1.7m).

On its Form 990 for the period ending September 2024, revenue came from contributions and grants 0.7% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $122k (8.0% of expenses). Other salaries and wages came to $829k. At year end it held assets of $3.8m against liabilities of $232k, net assets of $3.6m. It reported 18 employees.