Midway University Inc

Analysis

Midway University Inc is a registered charity in United States, based in Midway, KY. It received its IRS tax-exemption ruling in September 1955, 71 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Midway University Inc reported income of $36.2m and spending of $33.0m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $27.0m to $36.2m (+34%), an average of +7.6% a year. The sharpest change came in the year to June 2021, when income rose by 21%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Midway University Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within KY. Charities of a similar size with the same main cause include Shaw University ($36.2m), The Webb Schools ($36.2m) and Maine Technology Institute ($36.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 16% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $1.3m (4.1% of expenses). Other salaries and wages came to $8.2m. At year end it held assets of $76.0m against liabilities of $26.6m, net assets of $49.4m. It reported 502 employees.