Mission First Inc

Analysis

Mission First Inc is a registered charity in United States, based in Jackson, MS. It received its IRS tax-exemption ruling in February 1992, 34 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, Mission First Inc reported income of $3.4m and spending of $2.5m, leaving 27% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $3.4m (+175%), an average of +29% a year. The sharpest change came in the year to December 2023, when income rose by 100%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mission First Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within MS. Charities of a similar size with the same main cause include Louisville Electrical Joint Apprenticeship and Training Trust ($3.4m), Guy and Mary Felt Manor Incorporated ($3.4m) and Aplastic Anemia & MDS International Foundation Inc ($3.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 7.2% of the total. Compensation of current officers, directors and key employees was $144k (5.8% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $4.0m against liabilities of $128k, net assets of $3.9m. It reported 57 employees.