Mississippi Rural Water Association Inc

Analysis

Mississippi Rural Water Association Inc is a registered charity in United States, based in Pearl, MS. It received its IRS tax-exemption ruling in December 1995, 31 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 Rural Water Association Inc reported income of $3.3m and spending of $2.9m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.9m to $3.3m (+69%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 23%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mississippi Rural Water Association Inc sits at the 89th percentile: it is larger than about 89% 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 Philips Tower Decatur Inc ($3.3m), Western Montana Area VI Agency on Aging ($3.3m) and St Paul Pipefitters Joint Journeymen & Apprentice Training T ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 34% of the total. Compensation of current officers, directors and key employees was $251k (8.6% of expenses). Other salaries and wages came to $957k. At year end it held assets of $5.7m against liabilities of $1.7m, net assets of $4.0m. It reported 21 employees.