Madison Farm

Analysis

Madison Farm is a registered charity in United States, based in Madison, TN. It received its IRS tax-exemption ruling in August 2019, 7 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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 Farm reported income of $60k and spending of $67k, spending 111% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $38k to $60k (+57%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 92%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Madison Farm sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 22nd percentile within TN. Charities of a similar size with the same main cause include Destiny of Greenwood Inc ($60k), Dpao Foundation Inc ($60k) and Saturdays Bread ($60k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $32k (48% of expenses). At year end it held assets of $48k against liabilities of $2,038, net assets of $46k. It reported 2 employees.