Deep South Today

Analysis

Deep South Today is a registered charity in United States, based in Jackson, MS. It received its IRS tax-exemption ruling in March 2015, 11 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 (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, Deep South Today reported income of $6.1m and spending of $5.2m, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $6.1m (+292%), an average of +41% a year. The sharpest change came in the year to December 2021, when income rose by 104%. Over the whole period it spent 74% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Deep South Today sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within MS. Charities of a similar size with the same main cause include The Wang Center for the Performing Arts Inc ($6.1m), Dixon Gallery and Gardens ($6.1m) and Santa Barbara International Film Festival Inc ($6.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $774k (15% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $7.7m against liabilities of $393k, net assets of $7.3m. It reported 49 employees.