Mississippi Main Street Association

Analysis

Mississippi Main Street Association is a registered charity in United States, based in Jackson, MS. It received its IRS tax-exemption ruling in January 1989, 37 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 June 2023, Mississippi Main Street Association reported income of $916k and spending of $980k, spending 107% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $343k to $916k (+167%), an average of +39% a year. The sharpest change came in the year to June 2021, when income rose by 121%. 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, Mississippi Main Street Association sits at the 77th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 80th percentile within MS. Charities of a similar size with the same main cause include Academy of Producer Insurance Studies Inc ($916k), Stonewall Library & Archives Inc ($916k) and Center for Faithwalk Leadership ($916k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 3.9% of the total. Compensation of current officers, directors and key employees was $113k (12% of expenses). Other salaries and wages came to $199k. At year end it held assets of $328k against liabilities of $28k, net assets of $301k. It reported 5 employees.