Midway Foundation Inc

Analysis

Midway Foundation Inc is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in July 2006, 20 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, Midway Foundation Inc reported income of $2.9m and spending of $751k, leaving 74% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $716k to $2.9m (+310%), an average of +42% a year. The sharpest change came in the year to December 2023, when income rose by 285%. Over the whole period it spent 49% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Midway Foundation Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within CA. Charities of a similar size with the same main cause include Northern Colorado Academy of Artsand Knowledge ($2.9m), Blackwater Regional Library ($2.9m) and The Montessori Childrens House of Valley Forge Inc ($2.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $3.9m against liabilities of $5,000, net assets of $3.9m.