Madison Home granted tax-exempt status

On March 3, 2021, the IRS determined that Madison Home is a public charity and exempt from income tax under Internal Revenue Code Section 501(c) (3) and hence donors can deduct their contributions to MadisonHome under IRC Section 170.

Madison Home also qualifies to receive tax deductible bequests, devises, transfer and gifts under Section 2055, 2106, or 2522. Madison Home is classified as 170(b)(1)(A)(vi) charity. The date of exemption is effective from September 19, 2021.