Southwest Mississippi Opportunity Inc

Analysis

Southwest Mississippi Opportunity Inc is a registered charity in United States, based in McComb, MS. It received its IRS tax-exemption ruling in October 1974, 52 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Southwest Mississippi Opportunity Inc reported income of $3.4m and spending of $2.4m, leaving 29% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.5m to $3.4m (+130%), an average of +23% a year. The sharpest change came in the year to September 2022, when income rose by 54%. Over the whole period it spent 91% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Southwest Mississippi 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 90th percentile, and in the 91st percentile within MS. Charities of a similar size with the same main cause include Greater Boston Manufacturing Partnership Inc ($3.4m), Brewery Development Co of Jamaica Plain ($3.4m) and The Rosewood Initiative ($3.4m).

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 $431k. At year end it held assets of $1.2m against liabilities of $205k, net assets of $1.0m. It reported 17 employees.