Midas Collaborative Inc

Analysis

Midas Collaborative Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in March 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Midas Collaborative Inc reported income of $478k and spending of $515k, spending 108% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income grew from $176k to $478k (+172%), an average of +40% a year. The sharpest change came in the year to December 2022, when income rose by 181%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Midas Collaborative Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 70th percentile within MA. Charities of a similar size with the same main cause include K Iin Beh Education Center Foundation Inc ($478k), Badr Center Inc ($478k) and The Parent Teacher Association of PS 41 Manhattan ($478k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $94k (18% of expenses). Other salaries and wages came to $185k. At year end it held assets of $1.2m against liabilities of $720k, net assets of $457k. It reported 6 employees.