Madison Community Foundation
111 N Fairchild St Ste 260, Madison, WI · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $55,328,598 | $19,022,281 | $305,203,474 |
| FY2023 | $20,094,904 | $15,254,728 | $256,173,378 |
| FY2022 | $36,932,800 | $17,888,026 | $237,493,718 |
| FY2021 | $40,248,600 | $33,568,895 | $249,560,420 |
| FY2020 | $43,136,336 | $27,807,927 | $225,708,349 |
| FY2019 | $43,800,625 | $20,685,009 | $204,089,952 |
| FY2018 | $29,578,811 | $14,484,401 | $166,710,178 |
| FY2017 | $19,217,201 | $12,947,187 | $169,645,350 |
| FY2016 | $11,946,444 | $11,809,915 | $146,218,333 |
| FY2015 | $11,494,457 | $10,835,797 | $141,082,020 |
| FY2014 | $18,984,724 | $10,979,239 | $145,222,796 |
| FY2013 | $14,070,341 | $9,316,258 | $134,682,401 |
| FY2012 | $6,433,150 | $11,051,518 | $120,353,421 |
| FY2011 | $8,625,554 | $10,830,674 | $111,910,513 |
Form 990 filings
The returns filed by Madison Community Foundation (EIN 39-6038248), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $44,028,384 | 80% |
| Program service revenue | $0 | 0% |
| Other revenue | $11,300,214 | 20% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $16,136,146 | 85% |
| Management & general | $1,843,289 | 10% |
| Fundraising | $1,042,846 | 5% |
What the numbers show
- Contributions & grants made up 80% of total revenue in FY2024.
- Program services accounted for 85% of functional expenses, management & general 10%, and fundraising 5%.
- 85% of functional expenses went to program services in FY2024. That is higher than 33.3% of 24 Philanthropy, Voluntarism & Grantmaking Foundations organizations in WI.
- Net assets covered about 192.5 months of expenses at the end of the reporting year. That puts it in the 76th percentile among 1112 Philanthropy, Voluntarism & Grantmaking Foundations organizations in WI.
- Total revenue was higher than 99.4% of 1139 Philanthropy, Voluntarism & Grantmaking Foundations organizations in WI.
- Total revenue rose from $8,625,554 in FY2011 to $55,328,598 in FY2024. Revenue increased in 7 and decreased in 6 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 2 of 14 reported years (FY2011, FY2012).
- Net assets grew from $111,910,513 to $305,203,474 between FY2011 and FY2024.
- Contributions and grants made up 93% of revenue in FY2011 and 80% in FY2024.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
MADISON COMMUNITY FOUNDATION (MCF) STEWARDS LOCAL, CHARITABLE FUNDS FOR INDIVIDUALS,NONPROFITS AND BUSINESSES. AS A TRUSTED PHILANTHROPIC LEADER, MCF AIMS TO ENGAGE GREATER MADISON IN PHILANTHROPY TO ADVANCE A MORE VIBRANT AND EQUITABLE COMMUNITY.
IRS status
| Ruling year | 1995 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | T310 — Philanthropy, Voluntarism & Grantmaking Foundations (in WI) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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