Midway USA Foundation Inc

Analysis

Midway USA Foundation Inc is a registered charity in United States, based in Columbia, MO. It received its IRS tax-exemption ruling in November 2008, 18 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Midway USA Foundation Inc reported income of $24.9m and spending of $12.5m, leaving 50% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $19.1m to $24.9m (+30%), an average of +6.8% a year. The sharpest change came in the year to December 2020, when income rose by 94%. Over the whole period it spent 28% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Midway USA Foundation Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 96th percentile within MO. Charities of a similar size with the same main cause include Cal State Fullerton Philanthropic Foundation ($24.9m), Daughters of Miriam Foundation Inc ($24.9m) and Providence Little Company of Mary Foundation ($24.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% of the total. Compensation of current officers, directors and key employees was $212k (1.7% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $314.4m against liabilities of $225k, net assets of $314.2m. It reported 18 employees.