Madison Park Housing Inc

Analysis

Madison Park Housing Inc is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in August 1994, 32 years ago. 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 Park Housing Inc reported income of $4.4m and spending of $5.7m, spending 131% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.9m to $4.4m (+133%), an average of +24% a year. The sharpest change came in the year to December 2020, when income rose by 77%. Over the whole period it spent 128% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Madison Park Housing Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include Linville Hill Christian School ($4.4m), Maritime Academy of Toledo Inc ($4.4m) and American Opportunity Foundation ($4.4m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $890k against liabilities of $0, net assets of $890k.

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.