United Way of Midland Inc

Analysis

United Way of Midland Inc is a registered charity in United States, based in Midland, TX. It received its IRS tax-exemption ruling in January 1955, 71 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 December 2023, United Way of Midland Inc reported income of $2.3m and spending of $2.1m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.7m to $2.3m (-14%), an average of -3.8% a year. The sharpest change came in the year to December 2023, when income rose by 48%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, United Way of Midland Inc sits at the 85th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 90th percentile within TX. Charities of a similar size with the same main cause include Carson Valley Community Food Closet Inc ($2.3m), Communities of Recovery Inc ($2.3m) and Progressive Community Services ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% of the total. Compensation of current officers, directors and key employees was $231k (11% of expenses). Other salaries and wages came to $364k. At year end it held assets of $9.0m against liabilities of $840k, net assets of $8.2m. It reported 9 employees.