Madison Revitalization And Community Development Corporation
EIN: 391940074 · Madison, WI · NTEE: L20O
| Metric | Value |
|---|---|
| Total Revenue | $464K |
| Total Expenses | $317K |
| Net Assets | $743K |
Is Madison Revitalization And Community Development Corporation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Madison Revitalization And Community Development Corporation
Madison Revitalization And Community Development Corporation (EIN: 391940074) is a nonprofit organization based in Madison, WI, classified under NTEE code L20O. The organization reported total revenue of $464K and total assets of $4.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Madison Revitalization And Community Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Madison Revitalization And Community Development Corporation is a small nonprofit that has been operating for 28 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of -38.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $501K |
| Total Expenses | $317K |
| Surplus / Deficit | +$184K |
| Total Assets | $2.2M |
| Total Liabilities | $1.4M |
| Net Assets | $743K |
| Operating Margin | 36.7% |
| Debt-to-Asset Ratio | 65.6% |
| Months of Reserves | 81.7 months |
Financial Health Grade: A
In 2023, Madison Revitalization And Community Development Corporation reported a surplus of $184K with revenue exceeding expenses, holds 81.7 months of operating reserves (strong position), has a debt-to-asset ratio of 65.6% (high leverage).
Financial Trends
Over 2 years of filings (2022–2023), Madison Revitalization And Community Development Corporation's revenue has declined at a compound annual growth rate (CAGR) of -38.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -38.4% | +25.0% | +236.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1998 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Madison Revitalization And Community Development Corporation 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 Revitalization And Community Development Corporation 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 surplus of $184K, with revenue exceeding expenses.
- Debt-to-asset ratio: 65.6%.
Frequently Asked Questions about Madison Revitalization And Community Development Corporation
Is Madison Revitalization And Community Development Corporation a legitimate charity?
Madison Revitalization And Community Development Corporation (EIN: 391940074) is a registered tax-exempt nonprofit based in Wisconsin. It has 2 years of IRS 990 filings on record. Total revenue: $464K. No red flags identified. Financial health grade: A.
How does Madison Revitalization And Community Development Corporation spend its money?
Madison Revitalization And Community Development Corporation reported $464K in total revenue in IRS 990 filings. 2 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Madison Revitalization And Community Development Corporation tax-deductible?
Madison Revitalization And Community Development Corporation is registered as a tax-exempt nonprofit (EIN: 391940074). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Madison Revitalization And Community Development Corporation located?
Madison Revitalization And Community Development Corporation is headquartered in Madison, Wisconsin and files with the IRS under EIN 391940074. It is classified under NTEE code L20O.
How many years of IRS 990 filings does Madison Revitalization And Community Development Corporation have?
Madison Revitalization And Community Development Corporation has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $464K in total revenue.
Filing History
IRS 990 filing history for Madison Revitalization And Community Development Corporation showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Madison Revitalization And Community Development Corporation's revenue has declined by 38.4%, moving from $813K to $501K. Total assets increased by 236.7% over the same period, from $642K to $2.2M. Total functional expenses rose by 25%, from $254K to $317K. In its most recent filing year (2023), Madison Revitalization And Community Development Corporation reported a surplus of $184K, with revenue exceeding expenses. The organization holds $1.4M in liabilities against $2.2M in assets (debt-to-asset ratio: 65.6%), resulting in net assets of $743K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $501K | $317K | $2.2M | $1.4M | — | — |
| 2022 | $813K | $254K | $642K | $82K | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Madison Revitalization And Community Development Corporation:
Data Sources and Methodology
This transparency report for Madison Revitalization And Community Development Corporation 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.