Midland Business Alliance Foundation

Analysis

Midland Business Alliance Foundation is a registered charity in United States, based in Midland, MI. It received its IRS tax-exemption ruling in December 1985, 41 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 Business Alliance Foundation reported income of $5.0m and spending of $2.9m, leaving 41% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $2.9m to $5.0m (+72%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 142%. Over the whole period it spent 62% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Midland Business Alliance Foundation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within MI. Charities of a similar size with the same main cause include Santa Cruz Training Programs Inc ($5.0m), FHMC Inc ($5.0m) and Local Workforce Investment Area III Inc ($5.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 16% of the total. Other salaries and wages came to $951k. At year end it held assets of $9.7m against liabilities of $1.1m, net assets of $8.5m.