Madison Education Foundation Inc

Analysis

Madison Education Foundation Inc is a registered charity in United States, based in Rexburg, ID. It received its IRS tax-exemption ruling in February 1994, 32 years ago. 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 Education Foundation Inc reported income of $109k and spending of $68k, leaving 38% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income fell from $171k to $109k (-36%), an average of -36% a year. The sharpest change came in the year to June 2023, when income dropped by 36%. Over the whole period it spent 42% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Madison Education Foundation Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 39th percentile within ID. Charities of a similar size with the same main cause include PTA Pennsylvania Congress ($109k), Simon of Cyrene Society Inc ($109k) and West Geauga Band Boosters ($109k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 56% of the total. At year end it held assets of $493k against liabilities of $0, net assets of $493k.