The Mission Collective Inc

Analysis

The Mission Collective Inc is a registered charity in United States, based in Charleston, SC. It received its IRS tax-exemption ruling in February 2006, 20 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, The Mission Collective Inc reported income of $57k and spending of $58k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $966k to $57k (-94%), an average of -51% a year. The sharpest change came in the year to December 2022, when income rose by 102%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Mission Collective Inc sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 28th percentile within SC. Charities of a similar size with the same main cause include City Bridges Inc ($57k), No Hunger Inc ($57k) and Bald Knob Senior Center 55 Plus ($57k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $73k against liabilities of $0, net assets of $73k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.