Midwestern Higher Education Commission

Analysis

Midwestern Higher Education Commission is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in June 1992, 34 years ago. Its declared purposes cover social science, which this site groups under arts, culture, heritage and science. 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 June 2023, Midwestern Higher Education Commission reported income of $8.5m and spending of $4.0m, leaving 53% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.7m to $8.5m (+129%), an average of +23% a year. The sharpest change came in the year to June 2023, when income rose by 78%. Over the whole period it spent 73% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Midwestern Higher Education Commission sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within MN. Charities of a similar size with the same main cause include National Veterans Memorial and Museum Operating Corporation ($8.5m), Common Justice ($8.5m) and Explora Science Center & Childrens Museum of Albuquerque ($8.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 19% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $600k (15% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $12.3m against liabilities of $2.3m, net assets of $10.0m. It reported 17 employees.