Midland School Corporation

Analysis

Midland School Corporation is a registered charity in United States, based in Los Olivos, CA. It received its IRS tax-exemption ruling in March 1942, 84 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Midland School Corporation reported income of $8.3m and spending of $6.8m, spending 82% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $6.2m to $8.3m (+35%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 78%. Over the whole period it spent 77% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Midland School Corporation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within CA. Charities of a similar size with the same main cause include Western Carolina University Foundation ($8.3m), Young Scholars of Western Pennsylvania Charter School ($8.3m) and Sugar Bowl Ski Team & Academy ($8.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 15% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $379k (5.6% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $37.9m against liabilities of $7.1m, net assets of $30.8m. It reported 56 employees.