Jonathan Madding Foundation
Jonathan Madding Foundation faces sustained operating deficits and declining assets.
EIN: 113666633 · Mankato, MN · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $128K |
| Total Expenses | $158K |
| Program Spending | 75% |
| Net Assets | $743K |
| Transparency Score | 55/100 |
Is Jonathan Madding Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Jonathan Madding Foundation directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Jonathan Madding Foundation
Jonathan Madding Foundation (EIN: 113666633) is a nonprofit organization based in Mankato, MN, classified under NTEE code T22. The organization reported total revenue of $128K and total assets of $698K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Jonathan Madding Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Jonathan Madding Foundation is a small nonprofit that has been operating for 23 years, with 11 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -8.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $67K |
| Total Expenses | $158K |
| Surplus / Deficit | $-91,141 |
| Total Assets | $742K |
| Net Assets | $743K |
| Operating Margin | -136.4% |
| Months of Reserves | 56.4 months |
Financial Health Grade: C
In 2023, Jonathan Madding Foundation reported a deficit of $91K with expenses exceeding revenue, holds 56.4 months of operating reserves (strong position).
Financial Trends
Over 11 years of filings (2011–2023), Jonathan Madding Foundation's revenue has declined at a compound annual growth rate (CAGR) of -8.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -37.5% | +0.2% | -11.0% |
| 2022 | -15.8% | +18.9% | -5.8% |
| 2021 | +144.1% | +86.6% | -0.5% |
| 2020 | -5.9% | -30.1% | -2.1% |
| 2019 | +72.9% | +12.5% | -11.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Jonathan Madding Foundation with a Mission Score of 55 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Jonathan Madding Foundation allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $91K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is reported at 0% across all available filings, indicating that no officers or key employees are receiving salaries, which is highly unusual for an organization of its size and operational expenses.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Jonathan Madding Foundation's IRS 990 filings:
- Consistent operating deficits: Expenses have exceeded revenue in most recent years (e.g., 2023: $157,979 expenses vs. $66,838 revenue).
- Declining asset base: Assets have decreased from $908,955 in 2019 to $742,188 in 2023.
- Unusually low revenue in some periods compared to expenses (e.g., 2023 revenue $66,838 vs. expenses $157,979).
- Negative liabilities reported in multiple periods, which can indicate accounting complexities or specific financial arrangements.
Strengths
The following positive indicators were identified for Jonathan Madding Foundation:
- 0% officer compensation reported across all filings, indicating a commitment to minimizing administrative overhead in this area.
- Long filing history (11 filings), suggesting consistent compliance with IRS reporting requirements.
Frequently Asked Questions about Jonathan Madding Foundation
Is Jonathan Madding Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Jonathan Madding Foundation (EIN: 113666633) some concerns. Mission Score: 55/100. 4 red flags identified, 2 strengths noted.
How does Jonathan Madding Foundation spend its money?
Jonathan Madding Foundation directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Jonathan Madding Foundation tax-deductible?
Jonathan Madding Foundation is registered as a tax-exempt nonprofit (EIN: 113666633). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Jonathan Madding Foundation's spending goes to programs?
Jonathan Madding Foundation directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Jonathan Madding Foundation compare to similar nonprofits?
With a transparency score of 55/100 (Fair), Jonathan Madding Foundation is near average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Jonathan Madding Foundation located?
Jonathan Madding Foundation is headquartered in Mankato, Minnesota and files with the IRS under EIN 113666633. It is classified under NTEE code T22.
How many years of IRS 990 filings does Jonathan Madding Foundation have?
Jonathan Madding Foundation has 11 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $128K in total revenue.
Is Jonathan Madding Foundation a good charity?
The foundation's consistent operating deficits and declining asset base raise concerns about its financial health and long-term viability. While 0% officer compensation is positive, the overall financial trend suggests potential challenges in sustaining its mission.
Why are the assets declining?
Assets have been declining primarily because the organization's expenses have consistently exceeded its revenues in most recent years. For example, in 2023, expenses were $157,979 while revenue was only $66,838, leading to a draw on existing assets.
What is the organization's strategy to address its operating deficits?
The provided data does not detail the organization's strategy to address its recurring operating deficits. This would require further investigation into their financial management and fundraising plans.
How does the organization operate with 0% officer compensation?
Operating with 0% officer compensation suggests that the organization's leadership may be entirely volunteer-based or compensated through other means not reported as officer compensation. This is an unusual structure for an organization with significant expenses.
Filing History
IRS 990 filing history for Jonathan Madding Foundation showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2023), Jonathan Madding Foundation's revenue has declined by 66%, moving from $196K to $67K. Total assets increased by 289.6% over the same period, from $191K to $742K. Total functional expenses rose by 21.7%, from $130K to $158K. In its most recent filing year (2023), Jonathan Madding Foundation reported a deficit of $91K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $67K | $158K | $742K | $-601 | — | View 990 |
| 2022 | $107K | $158K | $834K | $-155 | — | View 990 |
| 2021 | $127K | $133K | $885K | $566 | — | View 990 |
| 2020 | $52K | $71K | $890K | $-160 | — | View 990 |
| 2019 | $55K | $102K | $909K | $-295 | — | View 990 |
| 2016 | $32K | $90K | $1.0M | $-3,456 | — | View 990 |
| 2015 | $204K | $129K | $1.1M | $-15,029 | — | View 990 |
| 2014 | $965K | $189K | $1.0M | $28K | — | View 990 |
| 2013 | $193K | $128K | $232K | $771 | — | View 990 |
| 2012 | $128K | $151K | $165K | $-870 | — | View 990 |
| 2011 | $196K | $130K | $191K | $1K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $67K, expenses of $158K, and assets of $742K (revenue -37.5% year-over-year).
- 2022: Revenue of $107K, expenses of $158K, and assets of $834K (revenue -15.8% year-over-year).
- 2021: Revenue of $127K, expenses of $133K, and assets of $885K (revenue +144.1% year-over-year).
- 2020: Revenue of $52K, expenses of $71K, and assets of $890K (revenue -5.9% year-over-year).
- 2019: Revenue of $55K, expenses of $102K, and assets of $909K (revenue +72.9% year-over-year).
- 2016: Revenue of $32K, expenses of $90K, and assets of $1.0M (revenue -84.3% year-over-year).
- 2015: Revenue of $204K, expenses of $129K, and assets of $1.1M (revenue -78.8% year-over-year).
- 2014: Revenue of $965K, expenses of $189K, and assets of $1.0M (revenue +399.6% year-over-year).
- 2013: Revenue of $193K, expenses of $128K, and assets of $232K (revenue +51.4% year-over-year).
- 2012: Revenue of $128K, expenses of $151K, and assets of $165K (revenue -35.0% year-over-year).
- 2011: Revenue of $196K, expenses of $130K, and assets of $191K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Jonathan Madding Foundation:
Data Sources and Methodology
This transparency report for Jonathan Madding Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.