Midwest Foundaton for Higher Education

Analysis

Midwest Foundaton for Higher Education is a registered charity in United States, based in Lincoln, NE. It received its IRS tax-exemption ruling in November 1987, 39 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Midwest Foundaton for Higher Education reported income of $521k and spending of $631k, spending 121% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income fell from $902k to $521k (-42%), an average of -13% a year. The sharpest change came in the year to May 2022, when income rose by 266%. Over the whole period it spent 39% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Midwest Foundaton for Higher Education sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 70th percentile within NE. Charities of a similar size with the same main cause include Listen Foundation Inc ($521k), Guadalupe County Fair Association ($521k) and Parents for Public Schools of San Francisco Inc ($520k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 85% of the total. At year end it held assets of $15.6m against liabilities of $12k, net assets of $15.6m.