Mid-American Athletic Conference

Analysis

Mid-American Athletic Conference is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in August 1969, 57 years ago. 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, Mid-American Athletic Conference reported income of $36.6m and spending of $34.5m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $30.8m to $36.6m (+19%), an average of +4.4% a year. The sharpest change came in the year to June 2022, when income rose by 27%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mid-American Athletic Conference sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within OH. Charities of a similar size with the same main cause include Providence Trinitycare Hospice ($36.6m), National Elevator Industry Educational Program ($36.7m) and Our Lady of the Wayside Inc ($36.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.1% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $1.0m (2.9% of expenses). Other salaries and wages came to $930k. At year end it held assets of $13.3m against liabilities of $1.9m, net assets of $11.5m. It reported 18 employees.