Midtown Partners Inc

Analysis

Midtown Partners Inc is a registered charity in United States, based in Jackson, MS. It received its IRS tax-exemption ruling in October 1997, 29 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2024, Midtown Partners Inc reported income of $7.7m and spending of $6.5m, spending 84% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $4.3m to $7.7m (+80%), an average of +16% a year. The sharpest change came in the year to June 2022, when income rose by 34%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Midtown Partners Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within MS. Charities of a similar size with the same main cause include H E L P Development Corp ($7.7m), C D M Services ($7.7m) and Washington Senior Care Corporation ($7.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 82% and program service revenue 7.2% of the total. Compensation of current officers, directors and key employees was $127k (2.0% of expenses). Other salaries and wages came to $3.2m. At year end it held assets of $9.3m against liabilities of $3.2m, net assets of $6.1m. It reported 135 employees.