Midway Living Inc

Analysis

Midway Living Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in July 2017, 9 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2023, Midway Living Inc reported income of $11.6m and spending of $11.5m, spending 99% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $1.1m to $11.6m (+988%), an average of +988% a year. The sharpest change came in the year to June 2023, when income rose by 988%. Over the whole period it spent 100% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Midway Living Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include MCB Family Housing Inc ($11.6m), Modesto Gospel Mission ($11.7m) and Coalfield Development Corporation ($11.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $360k (3.1% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $74.8m against liabilities of $74.8m, net assets of -$47k. It reported 42 employees.