Mississippi Industrial Heritage Museum Inc

Analysis

Mississippi Industrial Heritage Museum Inc is a registered charity in United States, based in Meridian, MS. It received its IRS tax-exemption ruling in March 2003, 23 years ago. Its declared purposes cover arts, culture and humanities, 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, Mississippi Industrial Heritage Museum Inc reported income of $152k and spending of $153k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $187k to $152k (-19%), an average of -5.1% a year. The sharpest change came in the year to December 2022, when income rose by 20%. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Mississippi Industrial Heritage Museum Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 49th percentile within MS. Charities of a similar size with the same main cause include Bent Creek Institute Inc ($151k), Daughters of Union Veterans of the Civil War 1861-1865 ($152k) and Mosaic Arts Inc ($151k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $57k (37% of expenses). Other salaries and wages came to $38k. At year end it held assets of $954k against liabilities of -$50k, net assets of $1.0m. It reported 3 employees.