Midsouth Music Institute

Analysis

Midsouth Music Institute is a registered charity in United States, based in Senatobia, MS. It received its IRS tax-exemption ruling in December 2012, 14 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Midsouth Music Institute reported income of $89k and spending of $115k, spending 129% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $101k to $89k (-12%), an average of -12% a year. Over the whole period it spent 119% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Midsouth Music Institute sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 36th percentile within MS. Charities of a similar size with the same main cause include John F Kennedy High School Marching Band & Color Guard Parents Club ($89k), Avon Community Access and Media ($89k) and Southeast Alaska Tribal Ocean Research ($89k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 36% of the total. At year end it held assets of $1 against liabilities of $0, net assets of $1.