Midway Band Backers

Analysis

Midway Band Backers is a registered charity in United States, based in Hewitt, TX. It received its IRS tax-exemption ruling in March 2001, 25 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 May 2024, Midway Band Backers reported income of $125k and spending of $130k, spending 104% of its income. Across the 2 years on record, from May 2023 to May 2024, income grew from $106k to $125k (+17%), an average of +18% a year. The sharpest change came in the year to May 2024, when income rose by 17%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Midway Band Backers sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 46th percentile within TX. Charities of a similar size with the same main cause include Connecticut Family Theatre Inc ($125k), Quiltfest Inc of Jacksonville Florida ($125k) and Cara Rince Inc ($125k).

On its Form 990-EZ for the period ending May 2024, revenue came from contributions and grants 2.5% and program service revenue 71% of the total. At year end it held assets of $59k against liabilities of $79, net assets of $59k.