Midland County Public Library Foundation

Analysis

Midland County Public Library Foundation is a registered charity in United States, based in Midland, TX. It received its IRS tax-exemption ruling in February 2013, 13 years ago. Its declared purposes cover education, which this site groups under education and training. 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 County Public Library Foundation reported income of $279k and spending of $427k, spending 153% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $353k to $279k (-21%), an average of -5.7% a year. The sharpest change came in the year to December 2021, when income rose by 37%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Midland County Public Library Foundation sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 65th percentile within TX. Charities of a similar size with the same main cause include Kansas State Catbackers Inc ($279k), Limitless Education & Training Inc ($279k) and Devry Scholarship Fund ($279k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $87k (20% of expenses). At year end it held assets of $601k against liabilities of $2,624, net assets of $599k. It reported 1 employees.