Midland Storytelling Festival

Analysis

Midland Storytelling Festival is a registered charity in United States, based in Midland, TX. It received its IRS tax-exemption ruling in July 2014, 12 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 (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, Midland Storytelling Festival reported income of $115k and spending of $123k, spending 106% of what it took in. Across the 3 years on record, from December 2019 to June 2023, income grew from $74k to $115k (+56%), an average of +25% a year. The sharpest change came in the year to June 2022, when income rose by 63%. Over the whole period it spent 97% 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 Storytelling Festival sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 44th percentile within TX. Charities of a similar size with the same main cause include Seattle Genre Alliance ($115k), Carol Shields Prize for Fiction of America ($115k) and Kettle Moraine Players Inc ($115k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $145k against liabilities of $0, net assets of $145k.