Midtown Inc

Analysis

Midtown Inc is a registered charity in United States, based in Columbus, GA. It received its IRS tax-exemption ruling in September 2006, 20 years ago. Its declared purposes cover community improvement and capacity building, 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 December 2022, Midtown Inc reported income of $190k and spending of $236k, spending 124% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $269k to $190k (-29%), an average of -11% a year. The sharpest change came in the year to December 2020, when income dropped by 27%. Over the whole period it spent 129% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Midtown Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 56th percentile within GA. Charities of a similar size with the same main cause include Downtown Morehead City Inc ($190k), Society of American Indian Government Employees ($190k) and Northeast Michigan Community Partnership Inc ($190k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 104% and program service revenue 3.0% of the total. Compensation of current officers, directors and key employees was $86k (37% of expenses). Other salaries and wages came to $53k. At year end it held assets of $459k against liabilities of $4,831, net assets of $454k. It reported 6 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.