The Home Place of Madison

Analysis

The Home Place of Madison is a registered charity in United States, based in Ridgeland, MS. It received its IRS tax-exemption ruling in September 1948, 78 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 May 2023, The Home Place of Madison reported income of $713k and spending of $792k, spending 111% of what it took in. Across the 4 years on record, from May 2020 to May 2023, income fell from $1.6m to $713k (-55%), an average of -23% a year. The sharpest change came in the year to May 2021, when income rose by 95%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, The Home Place of Madison sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 77th percentile within MS. Charities of a similar size with the same main cause include National Health Association Inc ($713k), Hope Pregnancy Clinic ($713k) and Pregnancy Resource Center ($713k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 8.2% and program service revenue 37% of the total. Other salaries and wages came to $218k. At year end it held assets of $6.7m against liabilities of $69k, net assets of $6.6m. It reported 53 employees.