Northeast Mississippi Community College Development Foundation Inc

Analysis

Northeast Mississippi Community College Development Foundation Inc is a registered charity in United States, based in Booneville, MS. It received its IRS tax-exemption ruling in February 2021, 5 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 organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Northeast Mississippi Community College Development Foundation Inc reported income of $2.5m and spending of $1.7m, leaving 31% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $2.5m (+64%), an average of +13% a year. The sharpest change came in the year to June 2022, when income rose by 202%. Over the whole period it spent 55% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Northeast Mississippi Community College Development Foundation Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within MS. Charities of a similar size with the same main cause include Antiques and Garden Show of Nashville Inc ($2.5m), The New Bohemian Innovation Collaborative Inc ($2.5m) and Otsego Community Foundation ($2.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 66% and program service revenue 2.0% of the total. Compensation of current officers, directors and key employees was $106k (6.1% of expenses). Other salaries and wages came to $95k. At year end it held assets of $9.9m against liabilities of $26k, net assets of $9.9m.