Mississippi Food Network Inc

Analysis

Mississippi Food Network Inc is a registered charity in United States, based in Jackson, MS. It received its IRS tax-exemption ruling in September 1983, 43 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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 June 2023, Mississippi Food Network Inc reported income of $42.5m and spending of $42.4m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $35.7m to $42.5m (+19%), an average of +4.5% a year. The sharpest change came in the year to June 2021, when income rose by 61%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mississippi Food Network 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 Springmoor Inc ($42.5m), One Sky Community Services Inc ($42.6m) and Oak Hammock at the University of Florida Inc ($42.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $119k (0.3% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $20.0m against liabilities of $382k, net assets of $19.6m. It reported 46 employees.