Madison Automotive Apprentices Inc

Analysis

Madison Automotive Apprentices Inc is a registered charity in United States, based in Harrisonburg, VA. It received its IRS tax-exemption ruling in July 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Madison Automotive Apprentices Inc reported income of $156k and spending of $175k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $388k to $156k (-60%), an average of -20% a year. The sharpest change came in the year to December 2022, when income dropped by 40%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Madison Automotive Apprentices Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 48th percentile within VA. Charities of a similar size with the same main cause include Ridgedale Boosters Club Inc ($156k), Four Corners Innovations Inc ($156k) and Montana City Casa ($156k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $55k (32% of expenses). At year end it held assets of $418k against liabilities of $1,042, net assets of $417k. It reported 1 employees.