Middle Way House Inc
EIN: 237300355 · Bloomington, IN · NTEE: P430
| Metric | Value |
|---|---|
| Total Revenue | $1.7M |
| Total Expenses | $2.5M |
| Net Assets | $6.3M |
Is Middle Way House Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Middle Way House Inc
Middle Way House Inc (EIN: 237300355) is a nonprofit organization based in Bloomington, IN, classified under NTEE code P430. The organization reported total revenue of $1.7M and total assets of $6.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Middle Way House Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Middle Way House Inc is a mid-size nonprofit that has been operating for 53 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 1.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.0M |
| Total Expenses | $2.5M |
| Surplus / Deficit | $-534,520 |
| Total Assets | $6.7M |
| Total Liabilities | $362K |
| Net Assets | $6.3M |
| Operating Margin | -26.8% |
| Debt-to-Asset Ratio | 5.4% |
| Months of Reserves | 31.5 months |
Financial Health Grade: B
In 2023, Middle Way House Inc reported a deficit of $535K with expenses exceeding revenue, holds 31.5 months of operating reserves (strong position), has a debt-to-asset ratio of 5.4% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Middle Way House Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -13.0% | -0.8% | -8.2% |
| 2022 | +8.8% | -0.3% | -7.4% |
| 2021 | -19.0% | +1.7% | -6.7% |
| 2020 | +36.3% | +8.7% | +0.7% |
| 2019 | +0.1% | +6.1% | -4.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1973 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Middle Way House Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Middle Way House Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $535K, with expenses exceeding revenue.
- Debt-to-asset ratio: 5.4%.
Frequently Asked Questions about Middle Way House Inc
Is Middle Way House Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Middle Way House Inc (EIN: 237300355) insufficient data. 0 red flags identified, 0 strengths noted.
How does Middle Way House Inc spend its money?
Detailed spending breakdown data is not yet available for Middle Way House Inc. Check back for updated IRS 990 analysis.
Are donations to Middle Way House Inc tax-deductible?
Middle Way House Inc is registered as a tax-exempt nonprofit (EIN: 237300355). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Middle Way House Inc located?
Middle Way House Inc is headquartered in Bloomington, Indiana and files with the IRS under EIN 237300355. It is classified under NTEE code P430.
How many years of IRS 990 filings does Middle Way House Inc have?
Middle Way House Inc has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.7M in total revenue.
Filing History
IRS 990 filing history for Middle Way House Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Middle Way House Inc's revenue has grown by 18%, moving from $1.7M to $2.0M. Total assets decreased by 16.1% over the same period, from $7.9M to $6.7M. Total functional expenses rose by 41.7%, from $1.8M to $2.5M. In its most recent filing year (2023), Middle Way House Inc reported a deficit of $535K, with expenses exceeding revenue. The organization holds $362K in liabilities against $6.7M in assets (debt-to-asset ratio: 5.4%), resulting in net assets of $6.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.0M | $2.5M | $6.7M | $362K | — | — |
| 2022 | $2.3M | $2.6M | $7.2M | $428K | — | View 990 |
| 2021 | $2.1M | $2.6M | $7.8M | $622K | — | View 990 |
| 2020 | $2.6M | $2.5M | $8.4M | $576K | — | View 990 |
| 2019 | $1.9M | $2.3M | $8.3M | $559K | — | View 990 |
| 2018 | $1.9M | $2.2M | $8.7M | $541K | — | View 990 |
| 2017 | $2.2M | $2.1M | $9.0M | $548K | — | View 990 |
| 2016 | $2.4M | $2.1M | $9.0M | $703K | — | View 990 |
| 2015 | $2.4M | $1.7M | $8.9M | $949K | — | View 990 |
| 2014 | $1.5M | $1.7M | $9.0M | $1.7M | — | View 990 |
| 2013 | $1.2M | $1.5M | $9.3M | $1.8M | — | View 990 |
| 2012 | $1.7M | $1.5M | $7.4M | $1.5M | — | View 990 |
| 2011 | $1.8M | $1.7M | $7.6M | $1.9M | — | View 990 |
| 2010 | $1.7M | $1.8M | $7.9M | $2.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.0M, expenses of $2.5M, and assets of $6.7M (revenue -13.0% year-over-year).
- 2022: Revenue of $2.3M, expenses of $2.6M, and assets of $7.2M (revenue +8.8% year-over-year).
- 2021: Revenue of $2.1M, expenses of $2.6M, and assets of $7.8M (revenue -19.0% year-over-year).
- 2020: Revenue of $2.6M, expenses of $2.5M, and assets of $8.4M (revenue +36.3% year-over-year).
- 2019: Revenue of $1.9M, expenses of $2.3M, and assets of $8.3M (revenue +0.1% year-over-year).
- 2018: Revenue of $1.9M, expenses of $2.2M, and assets of $8.7M (revenue -15.0% year-over-year).
- 2017: Revenue of $2.2M, expenses of $2.1M, and assets of $9.0M (revenue -6.8% year-over-year).
- 2016: Revenue of $2.4M, expenses of $2.1M, and assets of $9.0M (revenue -0.1% year-over-year).
- 2015: Revenue of $2.4M, expenses of $1.7M, and assets of $8.9M (revenue +59.5% year-over-year).
- 2014: Revenue of $1.5M, expenses of $1.7M, and assets of $9.0M (revenue +23.7% year-over-year).
- 2013: Revenue of $1.2M, expenses of $1.5M, and assets of $9.3M (revenue -29.5% year-over-year).
- 2012: Revenue of $1.7M, expenses of $1.5M, and assets of $7.4M (revenue -4.2% year-over-year).
- 2011: Revenue of $1.8M, expenses of $1.7M, and assets of $7.6M (revenue +7.0% year-over-year).
- 2010: Revenue of $1.7M, expenses of $1.8M, and assets of $7.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Middle Way House Inc:
Data Sources and Methodology
This transparency report for Middle Way House Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.