Friends of Mississippi Veterans

Analysis

Friends of Mississippi Veterans is a registered charity in United States, based in Ridgeland, MS. It received its IRS tax-exemption ruling in June 2009, 17 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable 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 July 2023, Friends of Mississippi Veterans reported income of $118k and spending of $152k, spending 128% of what it took in. Across the 2 years on record, from July 2022 to July 2023, income fell from $184k to $118k (-36%), an average of -36% a year. The sharpest change came in the year to July 2023, when income dropped by 36%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of Mississippi Veterans sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 43rd percentile within MS. Charities of a similar size with the same main cause include Gods House of Prayer & Deliverance Holiness Church ($118k), Gladney Center for Adoption ($118k) and International Center of Capital Region Inc ($118k).

On its Form 990-EZ for the period ending July 2023, revenue came from contributions and grants 4.3% of the total. At year end it held assets of $91k against liabilities of $0, net assets of $91k.