Midland Volunteers for Recycling Inc

Analysis

Midland Volunteers for Recycling Inc is a registered charity in United States, based in Midland, MI. It received its IRS tax-exemption ruling in April 1988, 38 years ago. 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 Volunteers for Recycling Inc reported income of $262k and spending of $266k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $269k to $262k (-2.6%), an average of -0.7% a year. The sharpest change came in the year to December 2021, when income rose by 33%. 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, Midland Volunteers for Recycling Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 59th percentile within MI. Charities of a similar size with the same main cause include Boy Scouts of America ($262k), Volunteers of America Inc ($262k) and Little League Baseball Inc ($262k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $52k (19% of expenses). Other salaries and wages came to $129k. At year end it held assets of $92k against liabilities of $1,228, net assets of $91k. It reported 15 employees.