Midland Center for the Arts Inc

Analysis

Midland Center for the Arts Inc is a registered charity in United States, based in Midland, MI. It received its IRS tax-exemption ruling in September 1966, 60 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 August 2023, Midland Center for the Arts Inc reported income of $13.6m and spending of $10.8m, leaving 21% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $11.3m to $13.6m (+20%), an average of +4.7% a year. The sharpest change came in the year to August 2022, when income rose by 215%. Over the whole period it spent 56% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Midland Center for the Arts Inc 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 96th percentile, and in the 96th percentile within MI. Charities of a similar size with the same main cause include Crocker Art Museum Association ($13.6m), The High Desert Museum ($13.6m) and Center for Jewish History Inc ($13.6m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 57% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $323k (3.0% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $111.5m against liabilities of $2.6m, net assets of $108.9m. It reported 130 employees.