Madison Pre School
Madison Pre School frequently operates at a deficit, spending more than its annual revenue.
EIN: 20373055 · Madison, NH · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $29K |
| Total Expenses | $28K |
| Program Spending | 85% |
| Net Assets | $12K |
| Transparency Score | 65/100 |
Is Madison Pre School Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Madison Pre School directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Madison Pre School
Madison Pre School (EIN: 20373055) is a nonprofit organization based in Madison, NH. The organization reported total revenue of $29K and total assets of $17K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Madison Pre School's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Madison Pre School is a micro nonprofit that has been operating for 42 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of -2.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $25K |
| Total Expenses | $28K |
| Surplus / Deficit | $-3,018 |
| Total Assets | $13K |
| Total Liabilities | $143 |
| Net Assets | $12K |
| Operating Margin | -12.0% |
| Debt-to-Asset Ratio | 1.1% |
| Months of Reserves | 5.3 months |
Financial Health Grade: B
In 2024, Madison Pre School reported a deficit of $3K with expenses exceeding revenue, holds 5.3 months of operating reserves (adequate), has a debt-to-asset ratio of 1.1% (very low leverage).
Financial Trends
Over 13 years of filings (2012–2024), Madison Pre School's revenue has declined at a compound annual growth rate (CAGR) of -2.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +7.0% | +2.8% | -20.1% |
| 2023 | -26.7% | +3.6% | -19.9% |
| 2022 | +103.8% | +417.8% | +43.2% |
| 2021 | -11.1% | -77.5% | +347.0% |
| 2020 | -52.4% | -44.0% | -63.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1984 |
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 Madison Pre School with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Madison Pre School allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $3K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.1%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through non-officer roles, which is highly efficient for an organization of this size.
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 Madison Pre School's IRS 990 filings:
- Frequent operational deficits (e.g., 202406, 202306, 201906, 201706, 202006)
- Assets ($12,530 in 202406) are less than one year's operating expenses, indicating limited financial reserves.
Strengths
The following positive indicators were identified for Madison Pre School:
- Zero officer compensation reported across all filings, indicating highly efficient leadership costs.
- Consistent filing of IRS Form 990-EZ, demonstrating basic transparency for a small organization.
Frequently Asked Questions about Madison Pre School
Is Madison Pre School a legitimate charity?
Based on AI analysis of IRS 990 filings, Madison Pre School (EIN: 20373055) some concerns. Mission Score: 65/100. 2 red flags identified, 2 strengths noted.
How does Madison Pre School spend its money?
Madison Pre School directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Madison Pre School tax-deductible?
Madison Pre School is registered as a tax-exempt nonprofit (EIN: 20373055). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Madison Pre School's spending goes to programs?
Madison Pre School directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Madison Pre School located?
Madison Pre School is headquartered in Madison, New Hampshire and files with the IRS under EIN 20373055.
How many years of IRS 990 filings does Madison Pre School have?
Madison Pre School 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 $29K in total revenue.
Is Madison Pre School financially sustainable?
The organization's frequent operational deficits, such as in 202406 where expenses ($28,161) exceeded revenue ($25,143), raise concerns about its long-term financial sustainability without a clear strategy to consistently match or exceed expenses with revenue.
How does Madison Pre School manage its expenses given recurring deficits?
While the filings show recurring deficits, the organization has maintained operations. This suggests it might be drawing from accumulated reserves, receiving irregular grants not fully reflected in annual revenue, or managing very tight cash flow. Further detail on expense categories would be needed to fully understand.
What is the trend of Madison Pre School's assets?
Assets have fluctuated, from a low of $3,061 in 202006 to a high of $19,589 in 202206, and are currently at $12,530 (202406). This fluctuation, combined with deficits, suggests assets may be used to cover operational shortfalls.
Filing History
IRS 990 filing history for Madison Pre School showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Madison Pre School's revenue has declined by 23.5%, moving from $33K to $25K. Total assets increased by 45.6% over the same period, from $9K to $13K. Total functional expenses fell by 25.3%, from $38K to $28K. In its most recent filing year (2024), Madison Pre School reported a deficit of $3K, with expenses exceeding revenue. The organization holds $143 in liabilities against $13K in assets (debt-to-asset ratio: 1.1%), resulting in net assets of $12K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $25K | $28K | $13K | $143 | — | — |
| 2023 | $23K | $27K | $16K | $276 | — | View 990 |
| 2022 | $32K | $26K | $20K | $291 | — | — |
| 2021 | $16K | $5K | $14K | $0 | — | — |
| 2020 | $18K | $23K | $3K | $0 | — | View 990 |
| 2019 | $37K | $40K | $8K | $294 | — | View 990 |
| 2018 | $30K | $29K | $12K | $486 | — | — |
| 2017 | $27K | $28K | $11K | $367 | — | View 990 |
| 2016 | $33K | $29K | $13K | $494 | — | View 990 |
| 2015 | $29K | $27K | $8K | $307 | — | View 990 |
| 2014 | $27K | $27K | $6K | $326 | — | View 990 |
| 2013 | $25K | $28K | $6K | $323 | — | View 990 |
| 2012 | $33K | $38K | $9K | $433 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $25K, expenses of $28K, and assets of $13K (revenue +7.0% year-over-year).
- 2023: Revenue of $23K, expenses of $27K, and assets of $16K (revenue -26.7% year-over-year).
- 2022: Revenue of $32K, expenses of $26K, and assets of $20K (revenue +103.8% year-over-year).
- 2021: Revenue of $16K, expenses of $5K, and assets of $14K (revenue -11.1% year-over-year).
- 2020: Revenue of $18K, expenses of $23K, and assets of $3K (revenue -52.4% year-over-year).
- 2019: Revenue of $37K, expenses of $40K, and assets of $8K (revenue +25.5% year-over-year).
- 2018: Revenue of $30K, expenses of $29K, and assets of $12K (revenue +9.5% year-over-year).
- 2017: Revenue of $27K, expenses of $28K, and assets of $11K (revenue -19.2% year-over-year).
- 2016: Revenue of $33K, expenses of $29K, and assets of $13K (revenue +13.8% year-over-year).
- 2015: Revenue of $29K, expenses of $27K, and assets of $8K (revenue +7.8% year-over-year).
- 2014: Revenue of $27K, expenses of $27K, and assets of $6K (revenue +9.8% year-over-year).
- 2013: Revenue of $25K, expenses of $28K, and assets of $6K (revenue -24.4% year-over-year).
- 2012: Revenue of $33K, expenses of $38K, and assets of $9K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Madison Pre School:
Data Sources and Methodology
This transparency report for Madison Pre School 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.