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Wisconsin · Nonprofit

THE MADISON WALDORF SCHOOL LTD

THE MADISON WALDORF SCHOOL LTD (Wisconsin) receives grants from 6 organizations whose IRS filings report $115,100 to it, the largest being FIDELITY INVESTMENTS CHARITABLE GIFT FUND ($45,050). 1 of them have funded it in more than one year, and 73% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.

Revenue FY2025
$919k
Funders on record
6
Grants received
$115k
Net assets
$155k
1/6 repeat funderspeak grant-dependency 5%
01What it does

What The Madison Waldorf School Ltd does

Mission

The madison waldorf school is an independent day school located in madison wisconsin, and a developing member of the association of waldorf schools of north america.

As stated on its FY2025 Form 990.

Program

  1. The madison waldorf school is an independent day school located in madison wisconsin. Our waldorf-trained teachers provide a curriculum that not only addresses children's intellectual capacities with lessons that reach their heart, head and hands, but also encourages their sense of wonder and joy in being alive in the world today. The madison waldorf school offers programs for grades one through five, mixed-age kindergartens for 3 1/2 to 6 years old, wondergarden for 2 1/2 to 4 years old, and parent and toddler playgroups.

    $729,907 spentof which $100,000 as grants$752,087 earned by the program
    100% of program spending

The program described on its FY2024 Form 990. Program spending in total: $729,907.

02The organization over time

The organization over time

Each line starts at 100 in 2019, so what you read is the shape rather than the size: 150 means half as much again as 2019, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20192019 Revenue 100 ($895k) Expenses 100 ($986k) Net assets -2623 ($-81778)2020 Revenue 110 ($984k) Expenses 101 ($997k) Net assets -3041 ($-94809)2021 Revenue 89 ($794k) Expenses 71 ($696k) Net assets 100 ($3k)2022 Revenue 120 ($1.1M) Expenses 95 ($934k) Net assets 4448 ($139k)2023 Revenue 100 ($894k) Expenses 88 ($866k) Net assets 5327 ($166k)2024 Revenue 106 ($952k) Expenses 92 ($908k) Net assets 6719 ($209k)2025 Revenue 103 ($919k) Expenses 99 ($973k) Net assets 4976 ($155k)
2019202020212022202320242025
Revenue (103)Expenses (99)Net assets (4976)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2020 to 2021, from $207k to $336k (+62%).

$86k
$207k
$336k
$382k
$401k
$451k
$349k
2019202020212022202320242025
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2019
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2021 20% · 2022 15%. Grants only. Government contracts and fees sit inside program revenue.

13% of THE MADISON WALDORF SCHOOL LTD’s revenue is contributions — about as donation-reliant as the typical peer (57% for the typical peer).

This organization
Typical peer · 24,946 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 3 of the last 7 reported years ran a deficit.

−$91k
’19
−$13k
’20
$98k
’21
$136k
’22
$27k
’23
$43k
’24
−$54k
’25
4.0
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

2019202020212022202320242025
Listed3344334
Joined·+0+2+0+2+1+1
No longer listed·010310
03Who funds it

Who funds it, year by year

2020 → 2023: the base held at 2 funders, grant income rose $22k → $46k.

4 of 6 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 73% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of THE MADISON WALDORF SCHOOL LTD’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

THE MADISON WALDORF SCHOOL LTD leans on a few funders — its largest provides 39% of grant income and the top three 75%; half comes from just 2 funders.

the vertical line marks half of all grant income — 2 funders to its left

91% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund THE MADISON WALDORF SCHOOL LTD.

39%
largest funder
75%
top three
~4
effective funders

Largest funder’s share by year: 2020 96% · 2021 100% · 2022 98% · 2023 98% — broadly stable.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

73% of THE MADISON WALDORF SCHOOL LTD's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Of the $31k that is directly attributable, 100% of it comes from Wisconsin funders.

WI

In-state vs out-of-state, by year

’20
’22
Wisconsin out of state home

Funder states come from each funder’s own filing. $84k arriving through sponsors registered in 4 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

THE MADISON WALDORF SCHOOL LTD receives grants from 6 organizations whose IRS filings report $115k to it.

Operating margin−6% · bottom quartile
Months of reserve4.0mo · below the median
Revenue growth (annualized)0% · bottom quartile

this organization peer median middle 50% of peers· 16,849 education nonprofits $100k–$1M, FY2025

Organizations like THE MADISON WALDORF SCHOOL LTD

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Wisconsin

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

75% of spending goes to programs.

Program 75%Management 22%Fundraising 3%

Governance

4
board members
0%
independent
–Conflict-of-interest policy–Whistleblower policy–Document retention–Board reviewed the 990–Audited financials

Screen this organization

A dated, signed PDF of the compliance screen for THE MADISON WALDORF SCHOOL LTD: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds THE MADISON WALDORF SCHOOL LTD?
THE MADISON WALDORF SCHOOL LTD (Wisconsin) receives grants from 6 organizations whose IRS filings report $115,100 to it, the largest being FIDELITY INVESTMENTS CHARITABLE GIFT FUND ($45,050). 1 of them have funded it in more than one year, and 73% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
How many funders does THE MADISON WALDORF SCHOOL LTD have?
IRS filings report 6 organizations giving $115,100 in grants to THE MADISON WALDORF SCHOOL LTD, 1 of which have funded it in more than one year.
Who is the largest funder of THE MADISON WALDORF SCHOOL LTD?
FIDELITY INVESTMENTS CHARITABLE GIFT FUND is the largest funder on record, with $45,050 in grants. The full list of funders is on this page.
How can an organization like THE MADISON WALDORF SCHOOL LTD find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Wisconsin. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Madison Waldorf School Ltd →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2019–2025), and the filings of 6 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing