Madelia Health Foundation

Analysis

Madelia Health Foundation is a registered charity in United States, based in Madelia, MN. It received its IRS tax-exemption ruling in December 2004, 22 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Madelia Health Foundation reported income of $131k and spending of $79k, leaving 39% of income unspent that year. Across the 5 years on record, from May 2019 to May 2023, income fell from $308k to $131k (-58%), an average of -19% a year. The sharpest change came in the year to May 2023, when income rose by 80%. Over the whole period it spent 105% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Madelia Health Foundation sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 41st percentile within MN. Charities of a similar size with the same main cause include Birthright of Cicero Inc ($131k), DPC Education Center ($131k) and Fighting for Kaiden Foundation Inc ($131k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 79% of the total. Compensation of current officers, directors and key employees was $55k (70% of expenses). At year end it held assets of $1.1m against liabilities of $111k, net assets of $1.0m.