Madison Preservation Association

Analysis

Madison Preservation Association is a registered charity in United States, based in Peoria, IL. It received its IRS tax-exemption ruling in December 2021, 5 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 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 Preservation Association reported income of $55k and spending of $23k, leaving 58% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $1.3m to $55k (-96%), an average of -96% a year. The sharpest change came in the year to December 2023, when income dropped by 96%. Over the whole period it spent 2.6% 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 Preservation Association sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 23rd percentile within IL. Charities of a similar size with the same main cause include Feast of the Flowering Moon Inc ($55k), Eaa South Bay Chapter 96 Inc ($55k) and Friends of Dresden Music Foundation ($55k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 193% of the total. At year end it held assets of $1.4m against liabilities of $70k, net assets of $1.3m.