Madison Food Center

Analysis

Madison Food Center is a registered charity in United States, based in Madison, OH. It received its IRS tax-exemption ruling in November 2021, 5 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 Food Center reported income of $90k and spending of $47k, leaving 48% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $63k to $90k (+44%), an average of +44% a year. The sharpest change came in the year to December 2023, when income rose by 44%. Over the whole period it spent 61% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Madison Food Center sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 35th percentile within OH. Charities of a similar size with the same main cause include Southwest Colorado Accelerator Program for Entrepreneurs ($90k), Children of Jacob Inc ($90k) and Esperanza HS Dance Team Boosters ($90k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 86% of the total. At year end it held assets of $476k against liabilities of $0, net assets of $476k.