Midland Young Life Building Foundation

Analysis

Midland Young Life Building Foundation is a registered charity in United States, based in Midland, TX. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 Young Life Building Foundation reported income of $378k and spending of $211k, leaving 44% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $25k to $378k (+1391%), an average of +96% a year. The sharpest change came in the year to December 2022, when income rose by 418%. Over the whole period it spent 123% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Midland Young Life Building Foundation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 70th percentile within TX. Charities of a similar size with the same main cause include Newton County Fair Association ($378k), Thru Guidance Ministries ($378k) and The Elm Project Inc ($378k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 166% of the total. Other salaries and wages came to $36k. At year end it held assets of $3.8m against liabilities of $0, net assets of $3.8m. It reported 1 employees.