Quick charity verification for Madison Ice Inc (EIN: 200831947)
Verdict: Madison Ice Inc appears trustworthy
75/100Mission Score
$1.4MRevenue
$3.2MAssets
2Red Flags
4Strengths
Red Flags
Consistent minor deficits in recent years (e.g., 202404 and 202304), indicating expenses slightly exceeding revenue.
Lack of detailed expense breakdown in provided data makes precise spending efficiency analysis difficult.
Strengths
Consistent revenue generation, generally above $1.0M annually, indicating stable operations.
Stable asset base, consistently around $3.0M-$3.3M, suggesting sound financial management of resources.
No reported officer compensation, potentially indicating highly efficient or volunteer-driven leadership.
Clear mission alignment with NTEE code N302 (Recreational Facilities) and organizational name.
Spending Breakdown
How Madison Ice Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Madison Ice Inc
Is Madison Ice Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Madison Ice Inc (EIN: 200831947) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
Is Madison Ice Inc a good charity to donate to?
Madison Ice Inc has a Mission Score of 75/100. Revenue: $1.4M. Assets: $3.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Madison Ice Inc?
The Employer Identification Number (EIN) for Madison Ice Inc is 200831947. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Madison Ice Inc spend its money?
Madison Ice Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Madison Ice Inc's tax-exempt status?
You can verify Madison Ice Inc's tax-exempt status using EIN 200831947 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Madison Ice Inc. demonstrates consistent financial activity, with revenues and expenses generally in the range of $1.0M to $1.6M over the past decade. The organization's assets have remained relatively stable, hovering around $3.0M to $3.3M in recent years, indicating a consistent operational scale. While the organization has experienced slight deficits in the last two reporting periods (e.g., $1,358,196 revenue vs. $1,401,940 expenses in 202404), these appear to be minor fluctuations within a generally stable financial picture. The absence of reported officer compensation across all filings suggests a volunteer-driven leadership or that compensation is covered by another entity, which can be a positive indicator of efficiency if operations are well-managed.
The organization's NTEE code N302 (Recreational Facilities) aligns with its name, Madison Ice Inc., suggesting a clear program focus. Without a detailed breakdown of expenses into program, administrative, and fundraising categories from the provided data, a precise assessment of spending efficiency is challenging. However, the consistent operational scale and asset base suggest a stable, albeit not rapidly growing, organization. The lack of reported officer compensation could also be a transparency concern if key management personnel are compensated through other means not reflected in the 990, or if the organization relies heavily on unpaid leadership.
Overall, Madison Ice Inc. appears to be a stable organization with consistent revenue streams and asset levels. The absence of officer compensation is a notable point, potentially indicating high efficiency or a need for further inquiry into leadership compensation structures. Its financial health appears sound, though recent minor deficits warrant monitoring. Transparency regarding detailed expense allocation would further enhance understanding of its spending efficiency.