Madison Scholarship Fund
EIN: 471272967 · Madison, NH · NTEE: B82
| Metric | Value |
|---|---|
| Total Revenue | $40K |
| Total Expenses | $9K |
| Net Assets | $198K |
Is Madison Scholarship Fund Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Madison Scholarship Fund
Madison Scholarship Fund (EIN: 471272967) is a nonprofit organization based in Madison, NH, classified under NTEE code B82. The organization reported total revenue of $40K and total assets of $215K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Madison Scholarship Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Madison Scholarship Fund is a micro nonprofit that has been operating for 11 years, with 9 years of IRS 990 filings on record (2015–2023). Revenue has grown at a compound annual rate of 1.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $14K |
| Total Expenses | $9K |
| Surplus / Deficit | +$5K |
| Total Assets | $198K |
| Net Assets | $198K |
| Operating Margin | 33.2% |
| Months of Reserves | 256.6 months |
Financial Health Grade: A
In 2023, Madison Scholarship Fund reported a surplus of $5K with revenue exceeding expenses, holds 256.6 months of operating reserves (strong position).
Financial Trends
Over 9 years of filings (2015–2023), Madison Scholarship Fund's revenue has grown at a compound annual growth rate (CAGR) of 1.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -19.0% | +46.2% | +13.5% |
| 2022 | -4.8% | -32.9% | -12.8% |
| 2021 | +71.9% | -28.7% | +10.9% |
| 2020 | -7.5% | -33.9% | +7.9% |
| 2019 | -70.3% | +23.8% | +7.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Madison Scholarship Fund 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 Scholarship Fund 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 $5K, with revenue exceeding expenses.
Frequently Asked Questions about Madison Scholarship Fund
Is Madison Scholarship Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Madison Scholarship Fund (EIN: 471272967) insufficient data. 0 red flags identified, 0 strengths noted.
How does Madison Scholarship Fund spend its money?
Detailed spending breakdown data is not yet available for Madison Scholarship Fund. Check back for updated IRS 990 analysis.
Are donations to Madison Scholarship Fund tax-deductible?
Madison Scholarship Fund is registered as a tax-exempt nonprofit (EIN: 471272967). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Madison Scholarship Fund located?
Madison Scholarship Fund is headquartered in Madison, New Hampshire and files with the IRS under EIN 471272967. It is classified under NTEE code B82.
How many years of IRS 990 filings does Madison Scholarship Fund have?
Madison Scholarship Fund has 9 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 $40K in total revenue.
Filing History
IRS 990 filing history for Madison Scholarship Fund showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2015–2023), Madison Scholarship Fund's revenue has grown by 16.3%, moving from $12K to $14K. Total assets increased by 22% over the same period, from $162K to $198K. Total functional expenses fell by 44.2%, from $17K to $9K. In its most recent filing year (2023), Madison Scholarship Fund reported a surplus of $5K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $14K | $9K | $198K | $0 | — | View 990 |
| 2022 | $17K | $6K | $174K | $0 | — | View 990 |
| 2021 | $18K | $9K | $200K | $0 | — | — |
| 2020 | $10K | $13K | $180K | $0 | — | — |
| 2019 | $11K | $20K | $167K | $0 | — | View 990 |
| 2018 | $38K | $16K | $156K | $0 | — | View 990 |
| 2017 | $14K | $19K | $168K | $0 | — | View 990 |
| 2016 | $12K | $13K | $165K | $0 | — | View 990 |
| 2015 | $12K | $17K | $162K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $14K, expenses of $9K, and assets of $198K (revenue -19.0% year-over-year).
- 2022: Revenue of $17K, expenses of $6K, and assets of $174K (revenue -4.8% year-over-year).
- 2021: Revenue of $18K, expenses of $9K, and assets of $200K (revenue +71.9% year-over-year).
- 2020: Revenue of $10K, expenses of $13K, and assets of $180K (revenue -7.5% year-over-year).
- 2019: Revenue of $11K, expenses of $20K, and assets of $167K (revenue -70.3% year-over-year).
- 2018: Revenue of $38K, expenses of $16K, and assets of $156K (revenue +174.6% year-over-year).
- 2017: Revenue of $14K, expenses of $19K, and assets of $168K (revenue +20.0% year-over-year).
- 2016: Revenue of $12K, expenses of $13K, and assets of $165K (revenue -3.0% year-over-year).
- 2015: Revenue of $12K, expenses of $17K, and assets of $162K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Madison Scholarship Fund:
Data Sources and Methodology
This transparency report for Madison Scholarship Fund 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.