Biloxi First Inc

Analysis

Biloxi First Inc is a registered charity in United States, based in Biloxi, MS. It received its IRS tax-exemption ruling in May 1994, 32 years ago. 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, Biloxi First Inc reported income of $141k and spending of $67k, leaving 52% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $95k to $141k (+47%), an average of +10% a year. The sharpest change came in the year to December 2023, when income rose by 64%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Biloxi First Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 47th percentile within MS. Charities of a similar size with the same main cause include Valor Institute Community ($141k), The Junior Achievement of Greater New Orleans Education Foundation I ($141k) and College Band Directors National Association ($141k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% of the total. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.