Mississippi State University Foundation Inc

Analysis

Mississippi State University Foundation Inc is a registered charity in United States, based in Ms State, MS. It received its IRS tax-exemption ruling in June 1997, 29 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2023, Mississippi State University Foundation Inc reported income of $194.3m and spending of $64.2m, leaving 67% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $65.2m to $194.3m (+198%), an average of +31% a year. The sharpest change came in the year to June 2023, when income rose by 144%. Over the whole period it spent 56% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mississippi State University Foundation Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within MS. Charities of a similar size with the same main cause include Compass Connections ($192.3m), Hospice of the Valley ($195.5m) and Community Food Bank of New Jersey Inc ($192.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 80% of the total. Compensation of current officers, directors and key employees was $984k (1.5% of expenses). Other salaries and wages came to $4.9m. At year end it held assets of $880.4m against liabilities of $26.2m, net assets of $854.2m. It reported 80 employees.