Mid-South Public Communications Foundation

Analysis

Mid-South Public Communications Foundation is a registered charity in United States, based in Cordova, TN. It received its IRS tax-exemption ruling in September 1959, 67 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 June 2024, Mid-South Public Communications Foundation reported income of $6.9m and spending of $5.5m, spending 80% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $5.8m to $6.9m (+18%), an average of +4.2% a year. The sharpest change came in the year to June 2024, when income rose by 25%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Mid-South Public Communications Foundation 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 94th percentile, and in the 94th percentile within TN. Charities of a similar size with the same main cause include Palace Theatre Trust ($6.9m), Japanese Childrens Society Inc ($6.9m) and Houston Advanced Research Center ($6.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 89% and program service revenue 0.7% of the total. Compensation of current officers, directors and key employees was $154k (2.8% of expenses). Other salaries and wages came to $1.8m. It paid $92k in professional fundraising fees. At year end it held assets of $14.7m against liabilities of $96k, net assets of $14.6m. It reported 46 employees.