Davis Madrigals Inc

Analysis

Davis Madrigals Inc is a registered charity in United States, based in Davis, CA. It received its IRS tax-exemption ruling in June 1997, 29 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 August 2023, Davis Madrigals Inc reported income of $104k and spending of $116k, spending 111% of what it took in. Across the 3 years on record, from August 2019 to August 2023, income fell from $231k to $104k (-55%), an average of -33% a year. The sharpest change came in the year to August 2023, when income dropped by 50%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Davis Madrigals Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 40th percentile within CA. Charities of a similar size with the same main cause include Horses of Hope-Caballos de Esperanza Inc ($104k), Asian-Pacific American Heritage Association ($104k) and Koinonia Foundation Inc ($104k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 71% and program service revenue 1.4% of the total. At year end it held assets of $18k against liabilities of $0, net assets of $18k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.