Mission 2540

Analysis

Mission 2540 is a registered charity in United States, based in Amarillo, TX. It received its IRS tax-exemption ruling in January 2005, 21 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, Mission 2540 reported income of $327k and spending of $243k, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $274k to $327k (+19%), an average of +4.5% a year. The sharpest change came in the year to December 2022, when income rose by 19%. Over the whole period it spent 74% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Mission 2540 sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 68th percentile within TX. Charities of a similar size with the same main cause include Florida State Fair Foundation Inc ($327k), Otis and Rosie Brown Foundation ($327k) and Doug & Carla Salmon Foundation Inc ($327k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% of the total. Other salaries and wages came to $114k. At year end it held assets of $621k against liabilities of $26k, net assets of $595k. It reported 2 employees.