Mississippi Action for Progress Inc

Analysis

Mississippi Action for Progress Inc is a registered charity in United States, based in Jackson, MS. It received its IRS tax-exemption ruling in October 1969, 57 years ago. Its declared purposes cover education, which this site groups under education and training. 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 November 2023, Mississippi Action for Progress Inc reported income of $78.9m and spending of $78.9m, spending 100% of its income. Across the 5 years on record, from November 2019 to November 2023, income grew from $55.0m to $78.9m (+43%), an average of +9.4% a year. The sharpest change came in the year to November 2021, when income rose by 68%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mississippi Action for Progress Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 100th percentile within MS. Charities of a similar size with the same main cause include Unity Environmental University ($78.8m), Lasell University ($79.0m) and Wittenberg College Board of Directors ($78.7m).

On its Form 990 for the period ending November 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $511k (0.6% of expenses). Other salaries and wages came to $33.9m. At year end it held assets of $14.3m against liabilities of $14.1m, net assets of $236k. It reported 1,198 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.