Mississippi Heritage Trust

Analysis

Mississippi Heritage Trust is a registered charity in United States, based in Cleveland, MS. It received its IRS tax-exemption ruling in January 1993, 33 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, Mississippi Heritage Trust reported income of $897k and spending of $466k, leaving 48% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $333k to $897k (+169%), an average of +28% a year. The sharpest change came in the year to December 2022, when income rose by 72%. Over the whole period it spent 65% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Mississippi Heritage Trust sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 80th percentile within MS. Charities of a similar size with the same main cause include Spindrift School of Performing Arts Inc ($897k), Theatre Y ($898k) and Community Television of Santa Cruz County Inc ($897k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 1.2% of the total. Compensation of current officers, directors and key employees was $69k (15% of expenses). At year end it held assets of $991k against liabilities of $103k, net assets of $888k. It reported 1 employees.