Community Foundation of East Mississippi Inc

Analysis

Community Foundation of East Mississippi Inc is a registered charity in United States, based in Meridian, MS. It received its IRS tax-exemption ruling in January 1985, 41 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general 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, Community Foundation of East Mississippi Inc reported income of $1.5m and spending of $1.0m, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.6m to $1.5m (-9.4%), an average of -2.4% a year. Over the whole period it spent 77% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Community Foundation of East Mississippi Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 85th percentile within MS. Charities of a similar size with the same main cause include International Cancer Advocacy Network ($1.5m), Olympia Companies Southern Highlands Charitable Foundation ($1.5m) and Greer Foundation ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% of the total. Compensation of current officers, directors and key employees was $116k (11% of expenses). Other salaries and wages came to $39k. At year end it held assets of $9.9m against liabilities of $170k, net assets of $9.7m. It reported 3 employees.