Maddy Nelson Memorial Foundation

Analysis

Maddy Nelson Memorial Foundation is a registered charity in United States, based in Cambridge, MN. It received its IRS tax-exemption ruling in July 2018, 8 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, Maddy Nelson Memorial Foundation reported income of $90k and spending of $61k, leaving 32% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $51k to $90k (+75%), an average of +75% a year. The sharpest change came in the year to December 2023, when income rose by 75%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Maddy Nelson Memorial Foundation sits at the 37th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 31st percentile within MN. Charities of a similar size with the same main cause include Dover City Schools Education Foundation Inc ($90k), International Society of Youngfilipino Accountants Isyfa ($90k) and Northeast Athletic Boosters ($90k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 69% of the total. At year end it held assets of $164k against liabilities of $0, net assets of $164k.