Mississippi State Medical Association Foundation Inc

Analysis

Mississippi State Medical Association Foundation Inc is a registered charity in United States, based in Ridgeland, MS. It received its IRS tax-exemption ruling in May 1990, 36 years ago. 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, Mississippi State Medical Association Foundation Inc reported income of $300k and spending of $184k, leaving 39% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $240k to $300k (+25%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 80%. Over the whole period it spent 67% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mississippi State Medical Association Foundation Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 63rd percentile within MS. Charities of a similar size with the same main cause include Supported Housing Management Corporation ($300k), Demolay International ($300k) and Jubilee Christian School of the South Hills of Pittsburgh Assoc ($300k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.3% of the total. Other salaries and wages came to $12k. At year end it held assets of $670k against liabilities of $120k, net assets of $550k.