Mississippi College

Analysis

Mississippi College is a registered charity in United States, based in Clinton, MS. It received its IRS tax-exemption ruling in February 1947, 79 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Mississippi College reported income of $102.9m and spending of $112.2m, spending 109% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income fell from $114.6m to $102.9m (-10%), an average of -2.7% a year. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mississippi College sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 100th percentile within MS. Charities of a similar size with the same main cause include Catalyst Family Inc ($102.6m), Curry College ($102.9m) and Rockhurst University ($102.5m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 7.9% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $2.6m (2.4% of expenses). Other salaries and wages came to $30.9m. It paid $33k in professional fundraising fees. At year end it held assets of $259.7m against liabilities of $44.7m, net assets of $215.1m. It reported 1,575 employees.