Midland Historical Society

Analysis

Midland Historical Society is a registered charity in United States, based in Midland, TX. It received its IRS tax-exemption ruling in March 2016, 10 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 (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 Historical Society reported income of $138k and spending of $44k, leaving 68% of income unspent that year. Across the 3 years on record, from December 2019 to December 2023, income grew from $60k to $138k (+131%), an average of +52% a year. The sharpest change came in the year to December 2023, when income rose by 73%. Over the whole period it spent 34% 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 Historical Society 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 45th percentile, and in the 49th percentile within TX. Charities of a similar size with the same main cause include National Society of the Daughters of the American Revolution ($138k), Thelma Gaylord Lyric Theatre Endowment Fund Inc ($138k) and Running to Places Theatre Company Limited ($138k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $379k against liabilities of $0, net assets of $379k.