Madison Public Market Foundation

Analysis

Madison Public Market Foundation is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in February 2019, 7 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 December 2023, Madison Public Market Foundation reported income of $1.8m and spending of $79k, leaving 96% of income unspent that year. Across the 3 years on record, from December 2019 to December 2023, income grew from $369k to $1.8m (+400%), an average of +124% a year. The sharpest change came in the year to December 2023, when income rose by 149%. Over the whole period it spent 10% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Madison Public Market Foundation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within WI. Charities of a similar size with the same main cause include Iowa Citizens for Community Improvement ($1.8m), Ventana Fund ($1.8m) and Long Island High Technology Incubator Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. It paid $18k in professional fundraising fees. At year end it held assets of $2.8m against liabilities of $232k, net assets of $2.6m.