FSC of Madison Inc

Analysis

FSC of Madison Inc is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, FSC of Madison Inc reported income of $204k and spending of $237k, spending 116% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $220k to $204k (-7.1%), an average of -1.8% a year. The sharpest change came in the year to June 2021, when income rose by 31%. Over the whole period it spent 102% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, FSC of Madison 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 54th percentile, and in the 54th percentile within WI. Charities of a similar size with the same main cause include Mandan Soccer Club ($204k), College Park Tumbleweeds Gymnastics Inc ($204k) and Bloomington Girls Hockey ($204k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.0% and program service revenue 92% of the total. At year end it held assets of $135k against liabilities of $0, net assets of $135k.