Madison Central School Educational Foundation Inc

Analysis

Madison Central School Educational Foundation Inc is a registered charity in United States, based in Madison, SD. It received its IRS tax-exemption ruling in January 2006, 20 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Madison Central School Educational Foundation Inc reported income of $527k and spending of $490k, spending 93% of its income. Across the 3 years on record, from June 2021 to June 2023, income grew from $74k to $527k (+610%), an average of +166% a year. The sharpest change came in the year to June 2022, when income rose by 595%. Over the whole period it spent 72% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Madison Central School Educational Foundation Inc sits at the 69th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within SD. Charities of a similar size with the same main cause include Mercyworks Incorporated ($526k), CE Events LLC ($527k) and Minnesota Association of Charter Schools ($526k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.