Midfield Institute of Cosmetology

Analysis

Midfield Institute of Cosmetology is a registered charity in United States, based in Midfield, AL. It received its IRS tax-exemption ruling in May 2009, 17 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Midfield Institute of Cosmetology reported income of $162k and spending of $361k, spending 223% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $353k to $162k (-54%), an average of -18% a year. The sharpest change came in the year to December 2023, when income dropped by 62%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Midfield Institute of Cosmetology sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 50th percentile within AL. Charities of a similar size with the same main cause include Faces of Valor USA Inc ($162k), Gilbert High School Athletic Booster Club ($162k) and Discovery Christian Academy ($162k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $136k. At year end it held assets of $147k against liabilities of $39k, net assets of $108k. It reported 4 employees.