Mid-Market Foundation

Analysis

Mid-Market Foundation is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in November 2020, 6 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Mid-Market Foundation reported income of $20.7m and spending of $21.0m, spending 101% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $4.8m to $20.7m (+334%), an average of +108% a year. The sharpest change came in the year to December 2022, when income rose by 372%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Mid-Market Foundation sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include Parking Facilities Corporation ($20.6m), Community Work & Independence Inc ($20.7m) and Vocational Improvement Program Inc ($20.6m).

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 $1.6m against liabilities of $344k, net assets of $1.2m.