The Mississippi Partnership for Economic Development Inc

Analysis

The Mississippi Partnership for Economic Development Inc is a registered charity in United States, based in Jackson, MS. It received its IRS tax-exemption ruling in October 1989, 37 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, The Mississippi Partnership for Economic Development Inc reported income of $369k and spending of $280k, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $254k to $369k (+45%), an average of +9.7% a year. The sharpest change came in the year to December 2021, when income rose by 147%. Over the whole period it spent 110% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, The Mississippi Partnership for Economic Development Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 67th percentile within MS. Charities of a similar size with the same main cause include Albert Lea Freeborn County Chamber Foundation ($369k), Pharr Economic Development Corporation Foundation ($369k) and Iseeyou Foundation Inc ($368k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% of the total. At year end it held assets of $3.7m against liabilities of $1,000, net assets of $3.7m.