Friends of the Children of Mississippi Inc

Analysis

Friends of the Children of Mississippi Inc is a registered charity in United States, based in Flowood, MS. It received its IRS tax-exemption ruling in January 1968, 58 years ago. Its declared purposes cover education, which this site groups under education and training. 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 November 2023, Friends of the Children of Mississippi Inc reported income of $35.4m and spending of $35.4m, spending 100% of its income. Across the 5 years on record, from November 2019 to November 2023, income grew from $27.4m to $35.4m (+29%), an average of +6.6% a year. 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, Friends of the Children of Mississippi Inc sits at the 98th percentile: it is larger than about 98% 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 Hope School ($35.4m), Cushing Academy Trustees ($35.4m) and Saint-Mary-Of-The-Woods College ($35.4m).

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 $310k (0.9% of expenses). Other salaries and wages came to $17.2m. At year end it held assets of $46.2m against liabilities of $46.3m, net assets of -$51k. It reported 742 employees.