Mid-West Tool Collectors Association Inc

Analysis

Mid-West Tool Collectors Association Inc is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in May 1986, 40 years ago. 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, Mid-West Tool Collectors Association Inc reported income of $158k and spending of $153k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $242k to $158k (-35%), an average of -10% a year. The sharpest change came in the year to December 2022, when income dropped by 56%. Over the whole period it spent 67% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mid-West Tool Collectors Association Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 51st percentile within CA. Charities of a similar size with the same main cause include Beaufort Symphony Orchestra Inc ($158k), Urban Logic Inc ($158k) and The Gifted Living Institute Inc ($158k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 7.8% of the total. Compensation of current officers, directors and key employees was $16k (10% of expenses). At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.