Madison Academy Inc

Madison Academy Inc has earned a commendable Four-Star out of Four Star rating from Charity Navigator, achieving a score of 92%. This high rating reflects strong performance in Accountability & Finance, indicating rigorous standards in governance and financial stewardship. Notably, the organization enjoys a fully independent board, indicating a commitment to transparency and effective oversight.

Strengths highlighted include the presence of a robust audit and oversight committee and sound financial ratios, such as a low liabilities-to-assets ratio and high program expense ratio. These metrics suggest that the organization is effectively utilizing its resources to fulfill its mission. However, there are some shortcomings, including missing documentation for the Document Retention and Destruction policy and the posting of their Tax Form on their website, both of which were not met according to Charity Navigator's evaluation criteria.

While user reviews from GreatNonprofits were not available, the organization's high accountability score implies a level of trustworthiness that may enhance its reputation among stakeholders. Overall, Madison Academy Inc appears to be a well-managed nonprofit with a clear focus on compliance and financial responsibility, though there are areas for improvement in administrative practices.

This AI summary has been generated from information found on Charity Navigator.

Madison Academy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Madison Academy Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Heare are some key statistics you may want to consider:

Executive Compensation: $97,667
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,591,313

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Official website here: www.macademy.org