Mid Cities Learning Center Inc

Analysis

Mid Cities Learning Center Inc is a registered charity in United States, based in Euless, TX. It received its IRS tax-exemption ruling in April 1972, 54 years ago. 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 August 2023, Mid Cities Learning Center Inc reported income of $3.3m and spending of $3.4m, spending 102% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $3.2m to $3.3m (+3.5%), an average of +0.9% a year. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mid Cities Learning Center Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 92nd percentile within TX. Charities of a similar size with the same main cause include Fellowship Place Inc ($3.3m), Brightbeam Inc ($3.3m) and Florida Is for Veterans Inc ($3.3m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 0.4% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $174k (5.2% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $3.8m against liabilities of $241k, net assets of $3.5m. It reported 44 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.