Hattiesburg Tourism Commission

Analysis

Hattiesburg Tourism Commission is a registered charity in United States, based in Hattiesburg, MS. It received its IRS tax-exemption ruling in September 1992, 34 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 September 2023, Hattiesburg Tourism Commission reported income of $3.3m and spending of $1.5m, leaving 54% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.3m to $3.3m (+156%), an average of +26% a year. The sharpest change came in the year to September 2023, when income rose by 145%. Over the whole period it spent 70% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Hattiesburg Tourism Commission 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 90th percentile within MS. Charities of a similar size with the same main cause include Desta ($3.3m), Catalyst Miami Inc ($3.3m) and Harwood Institute for Public Innovation ($3.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 83% and program service revenue 13% of the total. Other salaries and wages came to $468k. At year end it held assets of $3.9m against liabilities of $103k, net assets of $3.8m. It reported 8 employees.