Excel Inc

Analysis

Excel Inc is a registered charity in United States, based in Okolona, MS. It received its IRS tax-exemption ruling in December 1992, 34 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 September 2023, Excel Inc reported income of $332k and spending of $481k, spending 145% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $375k to $332k (-11%), an average of -3.0% a year. The sharpest change came in the year to September 2023, when income dropped by 28%. Over the whole period it spent 122% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Excel 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 63rd percentile, and in the 65th percentile within MS. Charities of a similar size with the same main cause include Nami Sullivan County Ny Inc ($332k), Gina McReynolds Foundation ($332k) and Rose State College Foundation Inc ($332k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 72% and program service revenue 3.7% of the total. Compensation of current officers, directors and key employees was $20k (4.1% of expenses). Other salaries and wages came to $116k. At year end it held assets of $1.3m against liabilities of $30k, net assets of $1.3m. It reported 11 employees.