Midland College Foundation Inc

Analysis

Midland College Foundation Inc is a registered charity in United States, based in Midland, TX. It received its IRS tax-exemption ruling in October 1973, 53 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2023, Midland College Foundation Inc reported income of $5.5m and spending of $19.1m, spending 343% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $9.1m to $5.5m (-39%), an average of -12% a year. The sharpest change came in the year to December 2022, when income rose by 510%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Midland College Foundation Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within TX. Charities of a similar size with the same main cause include Harlem Academy ($5.5m), Yellow Work Inc ($5.5m) and Elevate Academy North LLC ($5.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% of the total. At year end it held assets of $70.9m against liabilities of $1.2m, net assets of $69.7m.