Greater Midland Community Centers Inc

Analysis

Greater Midland Community Centers Inc is a registered charity in United States, based in Midland, MI. It received its IRS tax-exemption ruling in April 1935, 91 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 December 2023, Greater Midland Community Centers Inc reported income of $18.2m and spending of $14.8m, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $11.3m to $18.2m (+61%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 282%. Over the whole period it spent 59% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Greater Midland Community Centers Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within MI. Charities of a similar size with the same main cause include U S Kids Golf Foundation Inc ($18.0m), Charlotte Sports Foundation ($18.5m) and USA Football ($17.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 44% of the total. Compensation of current officers, directors and key employees was $261k (1.8% of expenses). Other salaries and wages came to $7.0m. At year end it held assets of $72.0m against liabilities of $10.9m, net assets of $61.2m. It reported 693 employees.