Midland Isd Education Foundation

Analysis

Midland Isd Education Foundation is a registered charity in United States, based in Midland, TX. It received its IRS tax-exemption ruling in February 1991, 35 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 December 2023, Midland Isd Education Foundation reported income of $2.8m and spending of $2.6m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $2.8m (+120%), an average of +22% a year. The sharpest change came in the year to December 2023, when income rose by 37%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Midland Isd Education Foundation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 91st percentile within TX. Charities of a similar size with the same main cause include Mid Central Community Action ($2.8m), Yo San Univeristy of Traditional Chinese Medicine Inc ($2.8m) and Keith Country Day School ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $3.7m against liabilities of $0, net assets of $3.7m.