Midland University

Analysis

Midland University is a registered charity in United States, based in Fremont, NE. It received its IRS tax-exemption ruling in August 1963, 63 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2024, Midland University reported income of $62.3m and spending of $62.8m, spending 101% of its income. Across the 6 years on record, from May 2019 to May 2024, income grew from $52.0m to $62.3m (+20%), an average of +3.7% a year. The sharpest change came in the year to May 2021, when income rose by 20%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Midland University sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NE. Charities of a similar size with the same main cause include Millsaps College ($62.3m), Old Dominion University Research Foundation ($62.4m) and Claremont Investment Fund ($62.1m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 10.0% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $708k (1.1% of expenses). Other salaries and wages came to $12.4m. At year end it held assets of $73.6m against liabilities of $20.4m, net assets of $53.2m. It reported 825 employees.