Midland Visions 2000

Analysis

Midland Visions 2000 is a registered charity in United States, based in Granbury, TX. It received its IRS tax-exemption ruling in May 1995, 31 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Visions 2000 reported income of $921k and spending of $1.3m, spending 139% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $545k to $921k (+69%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 43%. Over the whole period it spent 154% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Midland Visions 2000 sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 82nd percentile within TX. Charities of a similar size with the same main cause include Community Housing Resource Board of Southern Bergen County Inc ($921k), The Home Ownership Center of Greater Cincinnati Inc ($922k) and Houston Sro Housing Corporation ($920k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 96% of the total. Compensation of current officers, directors and key employees was $159k (12% of expenses). Other salaries and wages came to $103k. At year end it held assets of $6.7m against liabilities of $2.4m, net assets of $4.3m. It reported 2 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.