Mid City Towers II Inc

Analysis

Mid City Towers II Inc is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in February 1979, 47 years ago. 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 June 2024, Mid City Towers II Inc reported income of $781k and spending of $706k, spending 90% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $728k to $781k (+7.3%), an average of +1.8% a year. The sharpest change came in the year to June 2023, when income rose by 46%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mid City Towers II Inc sits at the 75th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 74th percentile within MO. Charities of a similar size with the same main cause include Respite Inn ($781k), Transportation Intermediaries Assn Institute for Research & Education ($781k) and President Abraham Lincoln Manor ($781k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 99% of the total. Other salaries and wages came to $59k. At year end it held assets of $1.2m against liabilities of $2.3m, net assets of -$1.0m.