Mothers Milk Bank of Mississippi

Analysis

Mothers Milk Bank of Mississippi is a registered charity in United States, based in Flowood, MS. It received its IRS tax-exemption ruling in April 2011, 15 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, Mothers Milk Bank of Mississippi reported income of $309k and spending of $335k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $240k to $309k (+29%), an average of +6.5% a year. The sharpest change came in the year to December 2020, when income rose by 66%. Over the whole period it spent 105% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mothers Milk Bank of Mississippi 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 62nd percentile, and in the 64th percentile within MS. Charities of a similar size with the same main cause include Shine the Light Inc ($309k), Capital Payee Inc ($309k) and Speaking Up for US ($309k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% and program service revenue 44% of the total. Compensation of current officers, directors and key employees was $55k (16% of expenses). Other salaries and wages came to $91k. At year end it held assets of $74k against liabilities of $0, net assets of $74k. It reported 7 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.