Federation Towers Clarksdale

Analysis

Federation Towers Clarksdale is a registered charity in United States, based in Jackson, MS. It received its IRS tax-exemption ruling in March 1981, 45 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Federation Towers Clarksdale reported income of $656k and spending of $610k, spending 93% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $606k to $656k (+8.2%), an average of +2.0% a year. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Federation Towers Clarksdale sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within MS. Charities of a similar size with the same main cause include Bethel Manor II ($656k), Colorado Therapeutic Riding Center ($656k) and Hudson County Protective Services Inc ($656k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $87k. At year end it held assets of $1.1m against liabilities of $1.7m, net assets of -$582k. It reported 3 employees.