Midway Venture Foundation

Analysis

Midway Venture Foundation is a registered charity in United States, based in Garden Grove, CA. It received its IRS tax-exemption ruling in March 2017, 9 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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, Midway Venture Foundation reported income of $85k and spending of $64k, leaving 25% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $57k to $85k (+49%), an average of +22% a year. The sharpest change came in the year to December 2022, when income rose by 23%. Over the whole period it spent 85% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Midway Venture Foundation sits at the 25th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 35th percentile within CA. Charities of a similar size with the same main cause include Merry Mixers Inc ($85k), Rochester General Health System ($85k) and Minnewaska Home Development Inc ($85k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $32k against liabilities of $0, net assets of $32k.