Midland Community Concerts Association

Analysis

Midland Community Concerts Association is a registered charity in United States, based in Midland, TX. It received its IRS tax-exemption ruling in March 1979, 47 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 May 2024, Midland Community Concerts Association reported income of $57k and spending of $62k, spending 108% of what it took in. Across the 2 years on record, from May 2023 to May 2024, income grew from $55k to $57k (+3.2%), an average of +3.2% a year. Over the whole period it spent 126% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Midland Community Concerts Association sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 23rd percentile within TX. Charities of a similar size with the same main cause include Aurea ($57k), Sew N Sew Fiber Arts Inc ($57k) and Milwaukee Chamber Orchestra Inc ($57k).

On its Form 990-EZ for the period ending May 2024, revenue came from contributions and grants 57% of the total. At year end it held assets of $83k against liabilities of $1,000, net assets of $82k.