Midtown Business Association Inc

Analysis

Midtown Business Association Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in January 1979, 47 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Midtown Business Association Inc reported income of $15.9m and spending of $15.9m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $9.2m to $15.9m (+73%), an average of +15% a year. The sharpest change came in the year to December 2022, when income rose by 23%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Midtown Business Association Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within GA. Charities of a similar size with the same main cause include Career Resources Inc ($15.8m), 4mycity Inc ($15.9m) and Southeast Effective Development ($15.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 6.2% of the total. Compensation of current officers, directors and key employees was $773k (4.9% of expenses). Other salaries and wages came to $3.7m. At year end it held assets of $7.7m against liabilities of $5.7m, net assets of $1.9m. It reported 87 employees.