The Madison Center
The Madison Center faces persistent operating deficits and high liabilities, raising concerns about its financial stability.
EIN: 200682355 · Excelsior, MN · NTEE: E50 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $583K |
| Total Expenses | $486K |
| Program Spending | 70% |
| Net Assets | $-153,697 |
| Transparency Score | 45/100 |
Search Intent Cockpit
The Madison Center Form 990, Revenue, CEO Pay, and IRS Filing Signals
The Madison Center is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around The Madison Center in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $458K and expenses of $486K.
Revenue and Expenses
The Madison Center reported $458K in revenue and $486K in expenses, a deficit of $28K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
45/100 mission score, 5 red flags, and 4 strengths are shown from structured and AI review.
Is The Madison Center Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $340K (70%) |
Across stored filings, The Madison Center shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Significant Concerns | Good filing record; 5 red flags identified |
| Mission spend | 70% to programs | Good |
| Financial durability | Grade D | 13 stored filing years |
| Peer context | Compare with North American Lake Management Society | Minnesota and Health context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
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Local and Sector Spokes
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Keep the Investigation Moving
The Madison Center directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About The Madison Center
The Madison Center (EIN: 200682355) is a nonprofit organization based in Excelsior, MN, classified under NTEE code E50. The organization reported total revenue of $583K and total assets of $20K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Madison Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Madison Center is a small nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 12.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $458K |
| Total Expenses | $486K |
| Surplus / Deficit | $-28,148 |
| Total Assets | $140 |
| Total Liabilities | $154K |
| Net Assets | $-153,697 |
| Operating Margin | -6.1% |
| Debt-to-Asset Ratio | 109883.6% |
| Months of Reserves | 0.0 months |
Financial Health Grade: D
In 2023, The Madison Center reported a deficit of $28K with expenses exceeding revenue, holds 0.0 months of operating reserves (limited), has a debt-to-asset ratio of 109883.6% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), The Madison Center's revenue has grown at a compound annual growth rate (CAGR) of 12.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +12.4% | +3.0% | -98.3% |
| 2022 | -5.3% | +5.6% | -72.9% |
| 2021 | +18.0% | +11.7% | +85.9% |
| 2020 | -9.8% | -6.7% | +7015.7% |
| 2019 | -2.3% | +1.8% | -98.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 The Madison Center with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, The Madison Center allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $28K, with expenses exceeding revenue.
- Debt-to-asset ratio: 109883.6%.
Executive Compensation Analysis
The Madison Center consistently reports 0% officer compensation across all available filings, suggesting that executive leadership is either unpaid or compensated through non-officer channels. While this could indicate a high dedication to program spending, it also raises questions about the sustainability of leadership and the organization's ability to attract and retain top talent.
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 The Madison Center's IRS 990 filings:
- Consistent operating deficits over multiple years (e.g., 2023, 2022, 2021, 2020, 2019).
- Extremely low assets ($140 in 2023) compared to high liabilities ($153,837 in 2023).
- Significant increase in liabilities over recent years (from $9,687 in 2019 to $153,837 in 2023).
- Negative net asset position, indicating that liabilities exceed assets.
- Reliance on revenue growth that has not consistently kept pace with expense growth.
Strengths
The following positive indicators were identified for The Madison Center:
- Consistent filing of IRS 990 forms, demonstrating transparency in reporting.
- No reported officer compensation, potentially indicating a volunteer-driven leadership or dedication to program spending.
- Long operating history with 13 filings, suggesting a sustained presence in its community.
- Revenue growth in the latest reported period to $582,596, indicating potential for increased funding.
Frequently Asked Questions about The Madison Center
Is The Madison Center a legitimate charity?
The Madison Center (EIN: 200682355) is a registered tax-exempt nonprofit based in Minnesota. Our AI analysis gives it a Mission Score of 45/100. It has 13 years of IRS 990 filings on record. Total revenue: $583K. 5 red flags identified. 4 strengths noted. Financial health grade: D.
How does The Madison Center spend its money?
The Madison Center directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to The Madison Center tax-deductible?
The Madison Center is registered as a tax-exempt nonprofit (EIN: 200682355). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The Madison Center's spending goes to programs?
The Madison Center directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does The Madison Center compare to similar nonprofits?
With a transparency score of 45/100 (Fair), The Madison Center is near average for NTEE category E50 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Madison Center located?
The Madison Center is headquartered in Excelsior, Minnesota and files with the IRS under EIN 200682355. It is classified under NTEE code E50.
How many years of IRS 990 filings does The Madison Center have?
The Madison Center 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 $583K in total revenue.
Is The Madison Center a good charity?
The Madison Center's financial health is a significant concern. While it consistently files its 990s, the recurring operating deficits (e.g., $28,148 in 2023, $64,354 in 2022) and high liabilities ($153,837 in 2023) against minimal assets ($140 in 2023) indicate financial instability. Donors should exercise caution and seek more information on how the organization plans to address these financial challenges.
What are the primary reasons for the organization's financial instability?
The primary reasons for instability appear to be consistent spending exceeding revenue, leading to persistent operating deficits. For example, in 2023, expenses were $486,262 while revenue was $458,114. This trend has resulted in a negative net asset position and a growing burden of liabilities.
How does The Madison Center manage its liabilities?
The organization's liabilities have significantly increased, reaching $153,837 in 2023, up from $133,977 in 2022 and $92,286 in 2021. This growing debt burden, coupled with minimal assets ($140 in 2023), suggests a struggle to manage its financial obligations and a reliance on borrowed funds or unpaid expenses.
What is the trend in The Madison Center's revenue and expenses?
Revenue has fluctuated but generally remained in the $300,000-$400,000 range, with a peak of $582,596 in the latest reported period. However, expenses have consistently outpaced revenue in recent years, leading to deficits. For instance, from 2019 to 2023, expenses have exceeded revenue in every period.
Does the lack of officer compensation indicate efficiency?
While 0% officer compensation might suggest more funds are directed to programs, it can also indicate that key leadership roles are filled by volunteers or compensated through other means not reported as officer compensation. Without further detail, it's difficult to definitively label it as pure efficiency, and it could pose risks for long-term leadership stability.
Filing History
IRS 990 filing history for The Madison Center showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), The Madison Center's revenue has grown by 303.5%, moving from $114K to $458K. Total assets decreased by 99.4% over the same period, from $25K to $140. Total functional expenses rose by 261.6%, from $134K to $486K. In its most recent filing year (2023), The Madison Center reported a deficit of $28K, with expenses exceeding revenue. The organization holds $154K in liabilities against $140 in assets (debt-to-asset ratio: 109883.6%), resulting in net assets of $-153,697.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $458K | $486K | $140 | $154K | — | — |
| 2022 | $408K | $472K | $8K | $134K | — | View 990 |
| 2021 | $431K | $447K | $31K | $92K | — | View 990 |
| 2020 | $365K | $400K | $17K | $61K | — | View 990 |
| 2019 | $405K | $429K | $235 | $10K | — | View 990 |
| 2018 | $414K | $422K | $17K | $2K | — | View 990 |
| 2017 | $380K | $380K | $22K | $0 | — | — |
| 2016 | $378K | $375K | $21K | $0 | — | View 990 |
| 2015 | $387K | $391K | $18K | $1K | — | View 990 |
| 2014 | $338K | $311K | $58K | $6K | — | View 990 |
| 2013 | $222K | $215K | $31K | $6K | — | View 990 |
| 2012 | $158K | $166K | $17K | $0 | — | View 990 |
| 2011 | $114K | $134K | $25K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $458K, expenses of $486K, and assets of $140 (revenue +12.4% year-over-year).
- 2022: Revenue of $408K, expenses of $472K, and assets of $8K (revenue -5.3% year-over-year).
- 2021: Revenue of $431K, expenses of $447K, and assets of $31K (revenue +18.0% year-over-year).
- 2020: Revenue of $365K, expenses of $400K, and assets of $17K (revenue -9.8% year-over-year).
- 2019: Revenue of $405K, expenses of $429K, and assets of $235 (revenue -2.3% year-over-year).
- 2018: Revenue of $414K, expenses of $422K, and assets of $17K (revenue +8.9% year-over-year).
- 2017: Revenue of $380K, expenses of $380K, and assets of $22K (revenue +0.7% year-over-year).
- 2016: Revenue of $378K, expenses of $375K, and assets of $21K (revenue -2.4% year-over-year).
- 2015: Revenue of $387K, expenses of $391K, and assets of $18K (revenue +14.5% year-over-year).
- 2014: Revenue of $338K, expenses of $311K, and assets of $58K (revenue +52.3% year-over-year).
- 2013: Revenue of $222K, expenses of $215K, and assets of $31K (revenue +40.3% year-over-year).
- 2012: Revenue of $158K, expenses of $166K, and assets of $17K (revenue +39.4% year-over-year).
- 2011: Revenue of $114K, expenses of $134K, and assets of $25K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Madison Center:
Data Sources and Methodology
This transparency report for The Madison Center 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.