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
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 →
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.
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.
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?
Based on AI analysis of IRS 990 filings, The Madison Center (EIN: 200682355) significant concerns. Mission Score: 45/100. 5 red flags identified, 4 strengths noted.
How does The Madison Center spend its money?
The Madison Center directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
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.
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.
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.