Midland School

Analysis

Midland School is a registered charity in United States, based in Branchburg, NJ. It received its IRS tax-exemption ruling in September 1961, 65 years ago. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Midland School reported income of $9.4m and spending of $8.7m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.7m to $9.4m (+42%), an average of +9.2% a year. The sharpest change came in the year to June 2020, when income rose by 28%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Midland School sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within NJ. Charities of a similar size with the same main cause include 90 Works Inc ($9.4m), Mother of Mercy ($9.5m) and WMHT Educational Telecommunications Inc ($9.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.1% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $449k (5.2% of expenses). Other salaries and wages came to $4.9m. At year end it held assets of $16.6m against liabilities of $2.6m, net assets of $14.0m. It reported 150 employees.