Madison Gas & Electric Foundation Inc
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Growing revenue
Madison Gas & Electric Foundation Inc is a 501(c)(3) organization based in Madison, Wisconsin, registered in 1966, with $23,361,298 in FY2024 revenue. CharityIndex grades it C+.
Po Box 1231, Madison, WI, 53701 EIN 39-6098118 Since 1966
Revenue (FY2024)
$23.4M
▲ 722.0% vs prior year
Expenses (FY2024)
$2.3M
Net assets
$44.9M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Madison Gas & Electric Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating231 mo reserves · +90% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Madison Gas & Electric Foundation Inc: 231 mo reserves · +90% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Madison Gas & Electric Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Madison Gas & Electric Foundation Inc: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue grew from $3.1M (FY2014) to $23.4M (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $310KNet assets $44.9M
Operating margin
90.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$45.2M
Total liabilities
$310K
Net assets
$44.9M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $23,361,298▲722% | $2,333,217▲23.7% | $44,894,428▲9.5% | $45,204,428▲9.8% | 990PF |
| 2023 | $2,842,159▼6.1% | $1,886,539▼5.2% | $41,002,925▲16.0% | $41,183,747▲16.5% | 990PF |
| 2022 | $3,027,980▼26.8% | $1,989,506▲13.0% | $35,337,030▼15.4% | $35,337,030▼15.4% | 990PF |
| 2021 | $4,135,372▲305% | $1,760,848▲15.2% | $41,777,011▲18.4% | $41,777,011▲18.4% | 990PF |
| 2020 | $1,020,093▼64.0% | $1,528,960▼12.3% | $35,279,389▲4.9% | $35,279,389▲4.9% | 990PF |
| 2019 | $2,830,828▼5.1% | $1,743,543▲27.5% | $33,631,602▲23.3% | $33,631,602▲23.3% | 990PF |
| 2018 | $2,984,192▼9.5% | $1,367,615▲7.2% | $27,279,493▼0.4% | $27,279,493▼0.4% | 990PF |
| 2017 | $3,296,137▲366% | $1,275,669▲5.0% | $27,401,917▲19.6% | $27,401,917▲19.6% | 990PF |
| 2016 | $706,743▲23.1% | $1,215,108▼3.9% | $22,916,860▲2.8% | $22,916,860▲2.8% | 990PF |
| 2015 | $574,163▼81.6% | $1,264,342▲18.0% | $22,299,626▼6.2% | $22,299,626▼6.2% | 990PF |
| 2014 | $3,121,527 | $1,071,046 | $23,773,233 | $23,773,233 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is Madison Gas & Electric Foundation Inc a legitimate nonprofit?
- Yes. Madison Gas & Electric Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 39-6098118, based in Madison, Wisconsin. Donations are tax-deductible.
- What is Madison Gas & Electric Foundation Inc's EIN?
- Madison Gas & Electric Foundation Inc's Employer Identification Number (EIN) is 39-6098118.
- How much revenue does Madison Gas & Electric Foundation Inc report?
- Madison Gas & Electric Foundation Inc reported $23,361,298 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Madison Gas & Electric Foundation Inc have?
- CharityIndex grades Madison Gas & Electric Foundation Inc C+, based on financial health (reserves and operating margin).
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Data for Madison Gas & Electric Foundation Inc (EIN 39-6098118) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.