Serve Midland Inc

Analysis

Serve Midland Inc is a registered charity in United States, based in Midland, TX. It received its IRS tax-exemption ruling in July 2021, 5 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Serve Midland Inc reported income of $127k and spending of $117k, spending 92% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $66k to $127k (+91%), an average of +91% a year. The sharpest change came in the year to December 2023, when income rose by 91%. Over the whole period it spent 93% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Serve Midland Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 46th percentile within TX. Charities of a similar size with the same main cause include Ocean City Crew Boosters Inc ($127k), The Huron County Hockey Association ($127k) and Great Bridge Crew Club ($127k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 131% of the total. At year end it held assets of $40k against liabilities of $0, net assets of $40k.