Nonprofit Association of the Midlands

Analysis

Nonprofit Association of the Midlands is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in April 1997, 29 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Nonprofit Association of the Midlands reported income of $1.5m and spending of $1.6m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.8m to $1.5m (-14%), an average of -3.8% a year. The sharpest change came in the year to December 2022, when income dropped by 24%. Over the whole period it spent 82% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Nonprofit Association of the Midlands sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within NE. Charities of a similar size with the same main cause include J N C Network Resource Center Inc ($1.5m), Canterbury Enterprises Inc ($1.5m) and Graham County Substance Abuse Coalition ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $124k (7.6% of expenses). Other salaries and wages came to $608k. At year end it held assets of $2.5m against liabilities of $589k, net assets of $1.9m. It reported 9 employees.