Madison Learning Center Inc

Analysis

Madison Learning Center Inc is a registered charity in United States, based in Madison, VA. It received its IRS tax-exemption ruling in December 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Madison Learning Center Inc reported income of $509k and spending of $672k, spending 132% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $514k to $509k (-1.0%), an average of -0.3% a year. The sharpest change came in the year to December 2023, when income dropped by 26%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Madison Learning Center Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within VA. Charities of a similar size with the same main cause include Voice of Christianity ($509k), Casa Ronald McDonald Puerto Rico Inc ($509k) and Partnership for Children ($508k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $43k (6.3% of expenses). Other salaries and wages came to $440k. At year end it held assets of $840k against liabilities of $27k, net assets of $813k. It reported 29 employees.