Historic Desoto Foundation

Analysis

Historic Desoto Foundation is a registered charity in United States, based in Hernando, MS. It received its IRS tax-exemption ruling in November 1984, 42 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 December 2023, Historic Desoto Foundation reported income of $117k and spending of $112k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $143k to $117k (-18%), an average of -4.9% a year. The sharpest change came in the year to December 2021, when income rose by 125%. Over the whole period it spent 70% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Historic Desoto Foundation sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 42nd percentile within MS. Charities of a similar size with the same main cause include Providence Hospital Auxiliary Inc ($117k), Appalachian Therapeutic Riding Center ($117k) and Little League Baseball Inc ($117k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% of the total. Other salaries and wages came to $55k. At year end it held assets of $690k against liabilities of $4,108, net assets of $686k. It reported 1 employees.