Midlands Education and Business Alliance

Analysis

Midlands Education and Business Alliance is a registered charity in United States, based in West Columbia, SC. It received its IRS tax-exemption ruling in November 2003, 23 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, Midlands Education and Business Alliance reported income of $431k and spending of $327k, leaving 24% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $311k to $431k (+39%), an average of +8.5% a year. The sharpest change came in the year to June 2021, when income rose by 51%. Over the whole period it spent 73% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Midlands Education and Business Alliance sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 72nd percentile within SC. Charities of a similar size with the same main cause include Church Community Coalition Inc ($431k), Midtown Indianapolis Inc ($432k) and Rise Relief Inc ($431k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $79k (24% of expenses). Other salaries and wages came to $46k. At year end it held assets of $867k against liabilities of $68k, net assets of $800k.