Midday Charity Foundation

Analysis

Midday Charity Foundation is a registered charity in United States, based in Gig Harbor, WA. It received its IRS tax-exemption ruling in March 2016, 10 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Midday Charity Foundation reported income of $78k and spending of $58k, leaving 25% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $52k to $78k (+50%), an average of +50% a year. The sharpest change came in the year to December 2023, when income rose by 50%. Over the whole period it spent 70% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Midday Charity Foundation sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 25th percentile within WA. Charities of a similar size with the same main cause include We Care Endowment ($78k), Casa of Northeast Nebraska Inc ($78k) and Professionals Miracles Foundation ($78k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 19% of the total. At year end it held assets of $104k against liabilities of $0, net assets of $104k.