Midland Foundation

Analysis

Midland Foundation is a registered charity in United States, based in North Branch, NJ. It received its IRS tax-exemption ruling in April 1985, 41 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Midland Foundation reported income of $789k and spending of $494k, leaving 37% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.5m to $789k (-48%), an average of -15% a year. The sharpest change came in the year to June 2020, when income dropped by 50%. Over the whole period it spent 77% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Midland Foundation sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 80th percentile within NJ. Charities of a similar size with the same main cause include Bangladesh Christian School Sponsorship of America BCSS of ($789k), Pals Plus Inc ($789k) and School for Little Children of Evanston ($789k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% of the total. Compensation of current officers, directors and key employees was $113k (23% of expenses). Other salaries and wages came to $67k. At year end it held assets of $2.9m against liabilities of $194k, net assets of $2.7m. It reported 5 employees.