Mid-America Applied Technologies Co Rporation

Analysis

Mid-America Applied Technologies Co Rporation is a registered charity in United States, based in Chagrin Falls, OH. It received its IRS tax-exemption ruling in February 2022, 4 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Mid-America Applied Technologies Co Rporation reported income of $343k and spending of $353k, spending 103% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $125k to $343k (+174%), an average of +174% a year. The sharpest change came in the year to December 2023, when income rose by 174%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Mid-America Applied Technologies Co Rporation sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within OH. Charities of a similar size with the same main cause include Theatre Macon Inc ($343k), East Valley Childrens Theatre ($343k) and Schenectady Pipe Band Ltd ($343k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $32k against liabilities of $12k, net assets of $20k.