Midlands Community Foundation

Analysis

Midlands Community Foundation is a registered charity in United States, based in Papillion, NE. It received its IRS tax-exemption ruling in January 2015, 11 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 June 2023, Midlands Community Foundation reported income of $4.2m and spending of $3.3m, leaving 23% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.1m to $4.2m (+36%), an average of +8.0% a year. The sharpest change came in the year to June 2022, when income rose by 70%. Over the whole period it spent 71% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Midlands Community Foundation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within NE. Charities of a similar size with the same main cause include CFM Foundation ($4.2m), Mid Nebraska Community Foundation Inc ($4.2m) and United Way of Southwest Michigan ($4.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 88% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $132k (4.1% of expenses). Other salaries and wages came to $119k. At year end it held assets of $13.7m against liabilities of $299k, net assets of $13.4m. It reported 4 employees.