Madison Youth Arts Center Inc

Analysis

Madison Youth Arts Center Inc is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in June 2019, 7 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Madison Youth Arts Center Inc reported income of $632k and spending of $1.8m, spending 291% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $6.6m to $632k (-90%), an average of -44% a year. The sharpest change came in the year to December 2022, when income dropped by 81%. Over the whole period it spent 44% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Madison Youth Arts Center Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within WI. Charities of a similar size with the same main cause include Texas Federation of Womens Clubs Historical Foundation ($631k), Persian Cultural Center ($632k) and Black Lives Matter Phoenix Metro ($631k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 31% and program service revenue 51% of the total. Other salaries and wages came to $312k. At year end it held assets of $31.4m against liabilities of $31k, net assets of $31.4m. It reported 10 employees.