Methodist Childrens Homes of Mississippi

Analysis

Methodist Childrens Homes of Mississippi is a registered charity in United States, based in Jackson, MS. It received its IRS tax-exemption ruling in June 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Methodist Childrens Homes of Mississippi reported income of $6.4m and spending of $6.9m, spending 107% of what it took in. Across the 6 years on record, from December 2017 to December 2023, income grew from $4.3m to $6.4m (+49%), an average of +8.3% a year. The sharpest change came in the year to December 2022, when income rose by 59%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Methodist Childrens Homes of Mississippi sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within MS. Charities of a similar size with the same main cause include United States of America Chess Federation ($6.4m), Find Aid for the Aged Inc ($6.4m) and Young Womens Christian Association Canton Ohio ($6.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% and program service revenue 59% of the total. Compensation of current officers, directors and key employees was $200k (2.9% of expenses). Other salaries and wages came to $3.7m. At year end it held assets of $6.9m against liabilities of $715k, net assets of $6.2m. It reported 157 employees.