East Mississippi Business Development Foundation

Analysis

East Mississippi Business Development Foundation is a registered charity in United States, based in Meridian, MS. It received its IRS tax-exemption ruling in December 2003, 23 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 September 2023, East Mississippi Business Development Foundation reported income of $89k and spending of $96k, spending 108% of what it took in. Across the 2 years on record, from September 2022 to September 2023, income grew from $88k to $89k (+0.9%), an average of +0.9% a year. Over the whole period it spent 108% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, East Mississippi Business Development Foundation sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 35th percentile within MS. Charities of a similar size with the same main cause include Williamsburg Downtown District ($89k), Heartland State Economic Development Corporation ($89k) and Decatur County Development Corporation ($89k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 55% and program service revenue 38% of the total. At year end it held assets of $136k against liabilities of $15k, net assets of $121k.