Quitman County Educational Foundation Inc

Analysis

Quitman County Educational Foundation Inc is a registered charity in United States, based in Marks, MS. It received its IRS tax-exemption ruling in January 1992, 34 years ago. 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 June 2024, Quitman County Educational Foundation Inc reported income of $1.2m and spending of $1.3m, spending 107% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $747k to $1.2m (+60%), an average of +12% a year. The sharpest change came in the year to June 2023, when income rose by 26%. Over the whole period it spent 115% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Quitman County Educational Foundation Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 83rd percentile within MS. Charities of a similar size with the same main cause include Watsonville Civic Plaza Property Owners Association ($1.2m), Dancewave Inc ($1.2m) and The Domestic Violence Shelter Inc ($1.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 12% and program service revenue 78% of the total. Other salaries and wages came to $757k. At year end it held assets of $1.7m against liabilities of $387k, net assets of $1.3m. It reported 38 employees.