The Madigan Family Foundation Inc
Madigan Family Foundation shows consistent asset growth and minimal expenses, with zero officer compensation.
EIN: 208050766 · Lancaster, MA · NTEE: T22 · Updated: 2026-03-28
Is The Madigan Family Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Madigan Family Foundation Inc directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Madigan Family Foundation Inc
The Madigan Family Foundation Inc (EIN: 208050766) is a nonprofit organization based in Lancaster, MA, classified under NTEE code T22. The organization reported total revenue of $2.2M and total assets of $4.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Madigan Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates The Madigan Family Foundation Inc with a Mission Score of 98 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, The Madigan Family Foundation Inc allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no salaries are paid to officers, which is highly commendable and maximizes funds available for charitable distributions.
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.
Strengths
The following positive indicators were identified for The Madigan Family Foundation Inc:
- Exceptional financial health with consistent revenue and asset growth.
- Extremely low operational expenses relative to revenue, indicating high efficiency.
- Zero officer compensation, maximizing funds for charitable purposes.
- Strong program focus, with a very high percentage of spending directed to mission.
- Consistent IRS 990 filing history, demonstrating good transparency.
Frequently Asked Questions about The Madigan Family Foundation Inc
Is The Madigan Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, The Madigan Family Foundation Inc (EIN: 208050766) appears legitimate. Mission Score: 98/100. 0 red flags identified, 5 strengths noted.
How does The Madigan Family Foundation Inc spend its money?
The Madigan Family Foundation Inc directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Madigan Family Foundation Inc tax-deductible?
The Madigan Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 208050766). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is The Madigan Family Foundation Inc a good charity?
Yes, based on its financial data, The Madigan Family Foundation Inc appears to be a very good charity. It demonstrates exceptional financial health, consistent growth, extremely low operational expenses, and zero officer compensation, all contributing to a high percentage of funds available for its mission.
How does The Madigan Family Foundation Inc manage its expenses?
The foundation manages its expenses exceptionally well, with expenses consistently being a very small fraction of its revenue. For example, in 202406, expenses were only $113,243 against $1,083,929 in revenue, indicating a highly efficient operational model, likely due to its grantmaking nature.
What is the trend in The Madigan Family Foundation Inc's assets?
The Madigan Family Foundation Inc has shown a strong and consistent upward trend in its assets, growing from $127,298 in 201206 to $4,143,417 currently, demonstrating effective asset management and growth.
Does The Madigan Family Foundation Inc pay its officers?
No, the IRS 990 filings consistently report 0% officer compensation, indicating that no salaries are paid to the foundation's officers.
Filing History
IRS 990 filing history for The Madigan Family Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2024), The Madigan Family Foundation Inc's revenue has grown by 19152.7%, moving from $6K to $1.1M. Total assets increased by 2270.2% over the same period, from $127K to $3.0M. Total functional expenses rose by 1379.9%, from $8K to $113K. In its most recent filing year (2024), The Madigan Family Foundation Inc reported a surplus of $971K, with revenue exceeding expenses. The organization holds $1 in liabilities against $3.0M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $3.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2024 | $1.1M | $113K | $3.0M | $1 | — | View 990 |
| 2023 | $478K | $97K | $2.0M | $1 | — | View 990 |
| 2022 | $475K | $89K | $1.7M | $1 | — | View 990 |
| 2021 | $365K | $61K | $1.3M | $1 | — | — |
| 2020 | $177K | $45K | $974K | $1 | — | View 990 |
| 2016 | $47K | $18K | $251K | $0 | — | View 990 |
| 2015 | $34K | $13K | $223K | $0 | — | View 990 |
| 2014 | $60K | $13K | $201K | $0 | — | View 990 |
| 2013 | $38K | $12K | $154K | $0 | — | View 990 |
| 2012 | $6K | $8K | $127K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $1.1M, expenses of $113K, and assets of $3.0M (revenue +126.7% year-over-year).
- 2023: Revenue of $478K, expenses of $97K, and assets of $2.0M (revenue +0.6% year-over-year).
- 2022: Revenue of $475K, expenses of $89K, and assets of $1.7M (revenue +30.2% year-over-year).
- 2021: Revenue of $365K, expenses of $61K, and assets of $1.3M (revenue +105.9% year-over-year).
- 2020: Revenue of $177K, expenses of $45K, and assets of $974K (revenue +281.1% year-over-year).
- 2016: Revenue of $47K, expenses of $18K, and assets of $251K (revenue +35.5% year-over-year).
- 2015: Revenue of $34K, expenses of $13K, and assets of $223K (revenue -43.2% year-over-year).
- 2014: Revenue of $60K, expenses of $13K, and assets of $201K (revenue +57.1% year-over-year).
- 2013: Revenue of $38K, expenses of $12K, and assets of $154K (revenue +583.1% year-over-year).
- 2012: Revenue of $6K, expenses of $8K, and assets of $127K.
Data Sources and Methodology
This transparency report for The Madigan Family Foundation Inc 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.