Mississippi United Methodist Foundation Inc

Analysis

Mississippi United Methodist Foundation Inc is a registered charity in United States, based in Ridgeland, MS. It received its IRS tax-exemption ruling in July 1973, 53 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 December 2023, Mississippi United Methodist Foundation Inc reported income of $1.7m and spending of $5.6m, spending 338% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $7.0m to $1.7m (-76%), an average of -30% a year. The sharpest change came in the year to December 2020, when income dropped by 148%. Over the whole period it spent 159% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Mississippi United Methodist Foundation Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 86th percentile within MS. Charities of a similar size with the same main cause include Camp Spalding ($1.7m), Mercy Center Incorporated ($1.7m) and Project Orphans Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% and program service revenue 9.0% of the total. Compensation of current officers, directors and key employees was $273k (4.9% of expenses). Other salaries and wages came to $162k. At year end it held assets of $148.7m against liabilities of $98.6m, net assets of $50.2m. It reported 5 employees.