Madison House
EIN: 540519591 · Charlottesvle, VA · NTEE: P28Z
| Metric | Value |
|---|---|
| Total Revenue | $984K |
| Total Expenses | $1.1M |
| Net Assets | $2.1M |
Is Madison House Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Madison House
Madison House (EIN: 540519591) is a nonprofit organization based in Charlottesvle, VA, classified under NTEE code P28Z. The organization reported total revenue of $984K and total assets of $2.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Madison House's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Madison House is a small nonprofit that has been operating for 57 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $494K |
| Total Expenses | $1.1M |
| Surplus / Deficit | $-583,186 |
| Total Assets | $2.2M |
| Total Liabilities | $41K |
| Net Assets | $2.1M |
| Operating Margin | -118.1% |
| Debt-to-Asset Ratio | 1.9% |
| Months of Reserves | 24.0 months |
Financial Health Grade: B
In 2023, Madison House reported a deficit of $583K with expenses exceeding revenue, holds 24.0 months of operating reserves (strong position), has a debt-to-asset ratio of 1.9% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Madison House's revenue has grown at a compound annual growth rate (CAGR) of 1.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -36.9% | +8.4% | -20.3% |
| 2022 | -34.9% | +7.4% | -10.3% |
| 2021 | +18.0% | +12.7% | +41.8% |
| 2020 | +40.8% | +4.4% | +24.4% |
| 2019 | +5.5% | +14.4% | +0.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1969 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Madison House has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Madison House with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $583K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.9%.
Frequently Asked Questions about Madison House
Is Madison House a legitimate charity?
Based on AI analysis of IRS 990 filings, Madison House (EIN: 540519591) insufficient data. 0 red flags identified, 0 strengths noted.
How does Madison House spend its money?
Detailed spending breakdown data is not yet available for Madison House. Check back for updated IRS 990 analysis.
Are donations to Madison House tax-deductible?
Madison House is registered as a tax-exempt nonprofit (EIN: 540519591). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Madison House located?
Madison House is headquartered in Charlottesvle, Virginia and files with the IRS under EIN 540519591. It is classified under NTEE code P28Z.
How many years of IRS 990 filings does Madison House have?
Madison House has 13 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 $984K in total revenue.
Filing History
IRS 990 filing history for Madison House showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Madison House's revenue has grown by 18%, moving from $419K to $494K. Total assets increased by 9.5% over the same period, from $2.0M to $2.2M. Total functional expenses rose by 98.8%, from $542K to $1.1M. In its most recent filing year (2023), Madison House reported a deficit of $583K, with expenses exceeding revenue. The organization holds $41K in liabilities against $2.2M in assets (debt-to-asset ratio: 1.9%), resulting in net assets of $2.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $494K | $1.1M | $2.2M | $41K | — | — |
| 2022 | $782K | $994K | $2.7M | $38K | — | View 990 |
| 2021 | $1.2M | $925K | $3.0M | $42K | — | View 990 |
| 2020 | $1.0M | $821K | $2.1M | $165K | — | View 990 |
| 2019 | $723K | $787K | $1.7M | $17K | — | View 990 |
| 2018 | $685K | $688K | $1.7M | $18K | — | View 990 |
| 2017 | $439K | $651K | $1.6M | $16K | — | View 990 |
| 2016 | $417K | $640K | $1.6M | $19K | — | View 990 |
| 2015 | $378K | $535K | $1.9M | $6K | — | View 990 |
| 2014 | $403K | $588K | $1.9M | $8K | — | View 990 |
| 2013 | $388K | $600K | $1.8M | $16K | — | View 990 |
| 2012 | $421K | $615K | $1.8M | $22K | — | View 990 |
| 2011 | $419K | $542K | $2.0M | $26K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $494K, expenses of $1.1M, and assets of $2.2M (revenue -36.9% year-over-year).
- 2022: Revenue of $782K, expenses of $994K, and assets of $2.7M (revenue -34.9% year-over-year).
- 2021: Revenue of $1.2M, expenses of $925K, and assets of $3.0M (revenue +18.0% year-over-year).
- 2020: Revenue of $1.0M, expenses of $821K, and assets of $2.1M (revenue +40.8% year-over-year).
- 2019: Revenue of $723K, expenses of $787K, and assets of $1.7M (revenue +5.5% year-over-year).
- 2018: Revenue of $685K, expenses of $688K, and assets of $1.7M (revenue +56.1% year-over-year).
- 2017: Revenue of $439K, expenses of $651K, and assets of $1.6M (revenue +5.2% year-over-year).
- 2016: Revenue of $417K, expenses of $640K, and assets of $1.6M (revenue +10.3% year-over-year).
- 2015: Revenue of $378K, expenses of $535K, and assets of $1.9M (revenue -6.0% year-over-year).
- 2014: Revenue of $403K, expenses of $588K, and assets of $1.9M (revenue +3.9% year-over-year).
- 2013: Revenue of $388K, expenses of $600K, and assets of $1.8M (revenue -8.0% year-over-year).
- 2012: Revenue of $421K, expenses of $615K, and assets of $1.8M (revenue +0.6% year-over-year).
- 2011: Revenue of $419K, expenses of $542K, and assets of $2.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Madison House:
Data Sources and Methodology
This transparency report for Madison House 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.