Propel Education Forum of Mississippi Inc

Analysis

Propel Education Forum of Mississippi Inc is a registered charity in United States, based in Jackson, MS. It received its IRS tax-exemption ruling in October 1989, 37 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 April 2023, Propel Education Forum of Mississippi Inc reported income of $350k and spending of $454k, spending 130% of what it took in. Across the 5 years on record, from April 2019 to April 2023, income grew from $164k to $350k (+113%), an average of +21% a year. The sharpest change came in the year to April 2022, when income rose by 476%. Over the whole period it spent 120% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Propel Education Forum of Mississippi Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 66th percentile within MS. Charities of a similar size with the same main cause include Ileap ($350k), Blessed Sacrament School Endowment Fund Inc ($350k) and San Lucas Toliman Scholars ($350k).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $17k (3.7% of expenses). Other salaries and wages came to $220k. At year end it held assets of $1.0m against liabilities of $1.2m, net assets of -$155k.