Midland Institute for Entrepreneurship NFP

Analysis

Midland Institute for Entrepreneurship NFP is a registered charity in United States, based in Effingham, IL. It received its IRS tax-exemption ruling in August 2015, 11 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 Institute for Entrepreneurship NFP reported income of $627k and spending of $832k, spending 133% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $560k to $627k (+12%), an average of +2.8% a year. The sharpest change came in the year to December 2022, when income rose by 141%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Midland Institute for Entrepreneurship NFP sits at the 71st percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within IL. Charities of a similar size with the same main cause include Cyber-Seniors ($627k), Bay Area Tutoring Association ($627k) and Pop Culture Classroom ($627k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 83% of the total. Other salaries and wages came to $430k. At year end it held assets of $1.2m against liabilities of $363k, net assets of $810k. It reported 8 employees.