Madison Countians Allied Against Poverty Inc

Analysis

Madison Countians Allied Against Poverty Inc is a registered charity in United States, based in Canton, MS. It received its IRS tax-exemption ruling in December 1985, 41 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 December 2023, Madison Countians Allied Against Poverty Inc reported income of $865k and spending of $766k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $630k to $865k (+37%), an average of +8.2% a year. The sharpest change came in the year to December 2023, when income rose by 24%. Over the whole period it spent 94% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Madison Countians Allied Against Poverty Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 80th percentile within MS. Charities of a similar size with the same main cause include Moreno Valley Senior Housing Inc ($864k), Ahepa 29 Phase IV Inc ($866k) and Community Housing Assistance Program ($864k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% of the total. Compensation of current officers, directors and key employees was $85k (11% of expenses). Other salaries and wages came to $150k. At year end it held assets of $1.7m against liabilities of $417k, net assets of $1.3m. It reported 7 employees.