Midland Energy Library

Analysis

Midland Energy Library is a registered charity in United States, based in Midland, TX. It received its IRS tax-exemption ruling in February 1985, 41 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Midland Energy Library reported income of $331k and spending of $360k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $446k to $331k (-26%), an average of -7.2% a year. The sharpest change came in the year to December 2023, when income dropped by 22%. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Midland Energy Library sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 68th percentile within TX. Charities of a similar size with the same main cause include The Clarksburg Childrens House Inc ($331k), Carroll High School Instrumental Music Program Inc ($331k) and Morgan County Schools Foundation ($331k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.1% and program service revenue 83% of the total. Other salaries and wages came to $137k. At year end it held assets of $1.5m against liabilities of $22k, net assets of $1.4m. It reported 5 employees.