Mississippi Museum of Art Foundation

Analysis

Mississippi Museum of Art Foundation is a registered charity in United States, based in Jackson, MS. It received its IRS tax-exemption ruling in April 1987, 39 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Mississippi Museum of Art Foundation reported income of $522k and spending of $262k, leaving 50% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $939k to $522k (-44%), an average of -14% a year. The sharpest change came in the year to June 2021, when income rose by 99%. Over the whole period it spent 63% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mississippi Museum of Art Foundation sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 72nd percentile within MS. Charities of a similar size with the same main cause include Georgia Watch ($522k), San Marcos Boosters Club ($522k) and Bethesda Nursery School Inc ($522k).

At year end it held assets of $7.0m against liabilities of $0, net assets of $7.0m.