Madison-ridgeland Academy is a 501(c)(3) organization based in Madison, Mississippi, registered in 1990, with $19,639,921 in FY2024 revenue. CharityIndex grades it B.
Revenue (FY2024)
$19.6M
▼ 5.2% vs prior year
Education median: $200K
Expenses (FY2024)
$19.3M
Net assets
$27.3M
Employees
—
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →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-ridgeland Academy— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
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-ridgeland Academy: 17 mo reserves · +2% margin earns a A on this criterion. See the exact thresholds →
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-ridgeland Academy— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
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-ridgeland Academy: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $8.7M (FY2013) to $19.6M (FY2024) across 11 reported years.
Financial snapshot
Operating margin
1.6%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$37.5M
Total liabilities
$10.2M
Net assets
$27.3M
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $19,639,921▼5.2% | $19,330,905▲9.0% | $27,308,661▲1.1% | $37,546,460▲3.3% | 990 |
| 2023 | $20,719,890▼2.4% | $17,732,440▲9.1% | $26,999,645▲12.4% | $36,342,620▲9.0% | 990 |
| 2022 | $21,236,224▲21.0% | $16,251,027▲8.3% | $24,012,195▲26.2% | $33,345,098▲14.5% | 990 |
| 2021 | $17,543,993▲9.8% | $15,009,615▲11.3% | $19,026,998▲15.4% | $29,135,034▲4.4% | 990 |
| 2020 | $15,978,879▲22.9% | $13,481,589▲8.1% | $16,492,620▲17.8% | $27,917,662▲1.9% | 990 |
| 2019 | $13,005,947▲4.0% | $12,475,275▲4.3% | $13,995,330▲3.9% | $27,395,291▲3.0% | 990 |
| 2018 | $12,506,904▼8.0% | $11,956,019▲8.8% | $13,464,658▲4.3% | $26,601,195▲6.2% | 990 |
| 2017 | $13,596,834▲22.9% | $10,993,069▲5.2% | $12,913,773▲25.3% | $25,046,078▲74.8% | 990 |
| 2016 | $11,059,724▲16.9% | $10,449,168▲13.9% | $10,310,008▲19.7% | $14,328,958▲2.5% | 990 |
| 2014 | $9,462,668▲8.8% | $9,170,993▲10.1% | $8,612,270▲3.5% | $13,983,013▲8.8% | 990 |
| 2013 | $8,697,324 | $8,332,829▲8.9% | $8,320,595▲4.6% | $12,857,800▲12.8% | 990 |
| 2012 | — | $7,653,254▲9.6% | $7,956,100▲2.6% | $11,396,510▲25.1% | 990 |
| 2011 | — | $6,980,268▲1.5% | $7,751,644▲6.3% | $9,112,138▼2.5% | 990 |
| 2010 | — | $6,879,315 | $7,292,822 | $9,349,129 | 990 |
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.
6 grants to Madison-ridgeland Academy totaling $242K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Raymond James Charitable Endowment Fund | General support | 2024 | $20,000 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2023 | $200,000 |
| American Endowment Foundation | Educational | 2022 | $5,000 |
| American Endowment Foundation | Programs | 2020 | $5,000 |
| American Endowment Foundation | Programs | 2019 | $5,000 |
| For Inspiration and Recognition of Science and Technology First | Program support | 2017 | $7,239 |
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Data for Madison-ridgeland Academy (EIN 64-0478043) 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.