Back Bay Mission

Analysis

Back Bay Mission is a registered charity in United States, based in Biloxi, MS. It received its IRS tax-exemption ruling in August 2015, 11 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Back Bay Mission reported income of $5.3m and spending of $5.0m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.1m to $5.3m (+158%), an average of +27% a year. The sharpest change came in the year to December 2022, when income rose by 303%. Over the whole period it spent 75% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Back Bay Mission sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within MS. Charities of a similar size with the same main cause include Foothill House of Hospitality ($5.3m), Cultivate Initiatives ($5.3m) and Churchill Manor Inc ($5.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 6.5% of the total. Compensation of current officers, directors and key employees was $80k (1.6% of expenses). Other salaries and wages came to $619k. At year end it held assets of $9.5m against liabilities of $37k, net assets of $9.5m. It reported 24 employees.