Midco Inc

Analysis

Midco Inc is a registered charity in United States, based in Chelsea, OK. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Midco Inc reported income of $203k and spending of $196k, spending 97% of its income. Across the 2 years on record, from June 2023 to June 2024, income fell from $220k to $203k (-7.9%), an average of -7.9% a year. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Midco Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 56th percentile within OK. Charities of a similar size with the same main cause include Denison Main Street Inc ($203k), Raise a Glass Foundation Inc ($203k) and Jasper County Neighbors United Inc ($203k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 35% and program service revenue 65% of the total. Other salaries and wages came to $132k. At year end it held assets of $131k against liabilities of $0, net assets of $131k.