Midvale Community Building

Analysis

Midvale Community Building is a registered charity in United States, based in Midvale, UT. It received its IRS tax-exemption ruling in May 2014, 12 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Midvale Community Building reported income of $874k and spending of $769k, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $329k to $874k (+166%), an average of +28% a year. The sharpest change came in the year to June 2021, when income rose by 58%. Over the whole period it spent 86% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Midvale Community Building sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 76th percentile within UT. Charities of a similar size with the same main cause include Lev Echad ($873k), Dripping Springs Athletic Booster Club ($874k) and Marion Rotary Foundation Inc ($873k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 56% and program service revenue 44% of the total. Compensation of current officers, directors and key employees was $53k (6.9% of expenses). Other salaries and wages came to $326k. At year end it held assets of $533k against liabilities of $150k, net assets of $383k. It reported 19 employees.