Mid-State Opportunity Inc

Analysis

Mid-State Opportunity Inc is a registered charity in United States, based in Charleston, MS. It received its IRS tax-exemption ruling in June 1965, 61 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 September 2023, Mid-State Opportunity Inc reported income of $4.3m and spending of $4.3m, spending 102% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.6m to $4.3m (+68%), an average of +14% a year. The sharpest change came in the year to September 2021, when income rose by 38%. Over the whole period it spent 101% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mid-State Opportunity Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within MS. Charities of a similar size with the same main cause include Community Homeless Solutions ($4.3m), Metropolitan Denver Homeless Initiative Inc ($4.3m) and Ebenezer Ridges Assisted Living ($4.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $602k. At year end it held assets of $969k against liabilities of $330k, net assets of $639k. It reported 42 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.