Whos New In Madison Inc
Whos New In Madison Inc consistently operates with a surplus and zero officer compensation.
EIN: 205195347 · Fitchburg, WI · Updated: 2026-03-28
Is Whos New In Madison Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Whos New In Madison Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Whos New In Madison Inc
Whos New In Madison Inc (EIN: 205195347) is a nonprofit organization based in Fitchburg, WI. The organization reported total revenue of $99K and total assets of $26K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Whos New In Madison 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 Whos New In Madison Inc with a Mission Score of 85 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: 90%
- fundraising: 5%
According to IRS 990 filings, Whos New In Madison Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating a volunteer-led organization. This significantly reduces administrative overhead and maximizes funds available for programs.
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 Whos New In Madison Inc:
- Consistent financial surplus (e.g., $18,667 revenue vs. $15,056 expenses in 2024).
- Zero officer compensation reported across all filings, indicating high efficiency.
- No reported liabilities in recent filings (e.g., $0 in 2024, 2023, 2022, 2021, 2020).
- Healthy asset base relative to its size ($23,254 in 2024).
- Consistent IRS 990 filing history (13 filings), demonstrating transparency.
Frequently Asked Questions about Whos New In Madison Inc
Is Whos New In Madison Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Whos New In Madison Inc (EIN: 205195347) appears legitimate. Mission Score: 85/100. 0 red flags identified, 5 strengths noted.
How does Whos New In Madison Inc spend its money?
Whos New In Madison Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Whos New In Madison Inc tax-deductible?
Whos New In Madison Inc is registered as a tax-exempt nonprofit (EIN: 205195347). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Whos New In Madison Inc a good charity?
Based on the available financial data, Whos New In Madison Inc appears to be a well-managed and efficient organization. It consistently operates with a surplus (e.g., $18,667 revenue vs. $15,056 expenses in 2024) and reports zero officer compensation, suggesting a high percentage of funds are directed towards its mission.
How does Whos New In Madison Inc manage its finances?
The organization manages its finances prudently, consistently maintaining a positive net asset position and reporting zero liabilities in recent years. For example, in 2024, assets were $23,254 with $0 liabilities. Revenue generally covers expenses, with a few minor deficits in past years (e.g., 2022, 2021, 2019, 2016).
What is the trend in Whos New In Madison Inc's revenue and expenses?
Revenue and expenses have generally been stable, with some fluctuations. Revenue saw a peak of $32,961 in 2022, and expenses peaked at $34,500 in the same year. More recently, revenue has been around $17,000-$18,000, with expenses slightly lower, indicating a consistent operational surplus.
Filing History
IRS 990 filing history for Whos New In Madison Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Whos New In Madison Inc's revenue has grown by 90.4%, moving from $10K to $19K. Total assets increased by 73.5% over the same period, from $13K to $23K. Total functional expenses rose by 74.1%, from $9K to $15K. In its most recent filing year (2024), Whos New In Madison Inc reported a surplus of $4K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2024 | $19K | $15K | $23K | $0 | — | — |
| 2023 | $17K | $14K | $20K | $0 | — | — |
| 2022 | $33K | $35K | $17K | $0 | — | — |
| 2021 | $11K | $11K | $18K | $0 | — | — |
| 2020 | $13K | $9K | $18K | $0 | — | View 990 |
| 2019 | $12K | $15K | $15K | $5K | — | View 990 |
| 2018 | $12K | $11K | $19K | $6K | — | View 990 |
| 2017 | $11K | $11K | $16K | $4K | — | View 990 |
| 2016 | $12K | $13K | $16K | $3K | — | View 990 |
| 2015 | $11K | $11K | $17K | $3K | — | View 990 |
| 2014 | $11K | $9K | $17K | $3K | — | View 990 |
| 2013 | $10K | $8K | $16K | $3K | — | View 990 |
| 2012 | $10K | $9K | $13K | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $19K, expenses of $15K, and assets of $23K (revenue +10.0% year-over-year).
- 2023: Revenue of $17K, expenses of $14K, and assets of $20K (revenue -48.5% year-over-year).
- 2022: Revenue of $33K, expenses of $35K, and assets of $17K (revenue +199.6% year-over-year).
- 2021: Revenue of $11K, expenses of $11K, and assets of $18K (revenue -13.4% year-over-year).
- 2020: Revenue of $13K, expenses of $9K, and assets of $18K (revenue +3.0% year-over-year).
- 2019: Revenue of $12K, expenses of $15K, and assets of $15K (revenue +5.5% year-over-year).
- 2018: Revenue of $12K, expenses of $11K, and assets of $19K (revenue +2.8% year-over-year).
- 2017: Revenue of $11K, expenses of $11K, and assets of $16K (revenue -1.1% year-over-year).
- 2016: Revenue of $12K, expenses of $13K, and assets of $16K (revenue +1.4% year-over-year).
- 2015: Revenue of $11K, expenses of $11K, and assets of $17K (revenue +5.4% year-over-year).
- 2014: Revenue of $11K, expenses of $9K, and assets of $17K (revenue +9.1% year-over-year).
- 2013: Revenue of $10K, expenses of $8K, and assets of $16K (revenue +0.5% year-over-year).
- 2012: Revenue of $10K, expenses of $9K, and assets of $13K.
Data Sources and Methodology
This transparency report for Whos New In Madison 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.