Southern Mississippi Planning and Development District Inc

Analysis

Southern Mississippi Planning and Development District Inc is a registered charity in United States, based in Gulfport, MS. It received its IRS tax-exemption ruling in February 1976, 50 years ago. 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, Southern Mississippi Planning and Development District Inc reported income of $34.4m and spending of $33.6m, spending 98% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $28.1m to $34.4m (+22%), an average of +5.2% a year. The sharpest change came in the year to September 2021, when income rose by 52%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Southern Mississippi Planning and Development District 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 98th percentile, and in the 99th percentile within MS. Charities of a similar size with the same main cause include New York City Criminal Justice Agency ($34.4m), New Horizons Resources Inc ($34.4m) and Pledger Charitable Ltd ($34.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 94% and program service revenue 6.0% of the total. Compensation of current officers, directors and key employees was $345k (1.0% of expenses). Other salaries and wages came to $8.2m. At year end it held assets of $45.2m against liabilities of $4.6m, net assets of $40.5m. It reported 274 employees.