Arts Council of Midland

Analysis

Arts Council of Midland is a registered charity in United States, based in Midland, TX. It received its IRS tax-exemption ruling in October 1983, 43 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Arts Council of Midland reported income of $554k and spending of $529k, spending 95% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $508k to $554k (+9.1%), an average of +2.2% a year. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Arts Council of Midland sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 76th percentile within TX. Charities of a similar size with the same main cause include Galesburg Museums Inc ($554k), Tom Tom Foundation ($555k) and Bag and Baggage Productions ($554k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 83% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $105k (20% of expenses). Other salaries and wages came to $55k. At year end it held assets of $967k against liabilities of $6,958, net assets of $960k. It reported 3 employees.