Midland Area Community Foundation

Analysis

Midland Area Community Foundation is a registered charity in United States, based in Midland, MI. It received its IRS tax-exemption ruling in December 1973, 53 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, Midland Area Community Foundation reported income of $13.5m and spending of $12.6m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $10.4m to $13.5m (+29%), an average of +6.7% a year. The sharpest change came in the year to December 2021, when income rose by 31%. Over the whole period it spent 79% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Midland Area Community Foundation sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within MI. Charities of a similar size with the same main cause include Ozark Empire Fair Foundation ($13.5m), Indian River Community Foundation ($13.5m) and The Community Foundation of the Dan River Region ($13.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% of the total. Compensation of current officers, directors and key employees was $326k (2.6% of expenses). Other salaries and wages came to $592k. At year end it held assets of $126.0m against liabilities of $3.7m, net assets of $122.3m. It reported 12 employees.