Madelyns Fund

Analysis

Madelyns Fund is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in September 2018, 8 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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, Madelyns Fund reported income of $611k and spending of $377k, leaving 38% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income grew from $306k to $611k (+100%), an average of +26% a year. The sharpest change came in the year to December 2022, when income rose by 80%. Over the whole period it spent 59% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Madelyns Fund sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within NC. Charities of a similar size with the same main cause include US Friends of Eran Inc ($611k), Ledwith Lewis Free Clinic ($611k) and International Psychotherapy Institute Inc ($611k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% of the total. Other salaries and wages came to $91k. At year end it held assets of $1.1m against liabilities of $12k, net assets of $1.1m. It reported 2 employees.