Excel by 5 Inc

Analysis

Excel by 5 Inc is a registered charity in United States, based in Houston, MS. It received its IRS tax-exemption ruling in March 2010, 16 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Excel by 5 Inc reported income of $218k and spending of $293k, spending 135% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $598k to $218k (-64%), an average of -22% a year. The sharpest change came in the year to December 2021, when income dropped by 39%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Excel by 5 Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 57th percentile within MS. Charities of a similar size with the same main cause include Casey Feldman Memorial Foundation ($218k), Helena Athletic Association Inc ($218k) and College Tribe ($218k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $98k (33% of expenses). Other salaries and wages came to $103k. At year end it held assets of $27k against liabilities of $1,407, net assets of $26k. It reported 3 employees.

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.