Midland Adult Services Inc

Analysis

Midland Adult Services Inc is a registered charity in United States, based in North Branch, NJ. It received its IRS tax-exemption ruling in September 2002, 24 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Adult Services Inc reported income of $9.8m and spending of $10.6m, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.8m to $9.8m (+26%), an average of +6.0% a year. The sharpest change came in the year to June 2021, when income rose by 30%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Midland Adult Services Inc sits at the 94th percentile: it is larger than about 94% 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 Sacramento Loaves and Fishes ($9.8m), Harry S Truman Childrens Neurological Center ($9.8m) and Roxbury Tenants of Harvard Association Inc ($9.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.3% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $449k (4.2% of expenses). Other salaries and wages came to $6.5m. At year end it held assets of $6.9m against liabilities of $2.8m, net assets of $4.1m. It reported 235 employees.