Friends of Madrona Marsh Corporation

Analysis

Friends of Madrona Marsh Corporation is a registered charity in United States, based in Torrance, CA. It received its IRS tax-exemption ruling in January 1976, 50 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, Friends of Madrona Marsh Corporation reported income of $78k and spending of $54k, leaving 31% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $61k to $78k (+27%), an average of +27% a year. The sharpest change came in the year to December 2023, when income rose by 27%. Over the whole period it spent 65% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of Madrona Marsh Corporation 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 30th percentile, and in the 32nd percentile within CA. Charities of a similar size with the same main cause include East Haddam Historical Society Incorporated ($78k), Endicott Rotary Foundation Inc ($78k) and National Motor Sports Press Association ($78k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 1.3% of the total. At year end it held assets of $270k against liabilities of $0, net assets of $270k.