Mississippi Sports Foundation Inc

Analysis

Mississippi Sports Foundation Inc is a registered charity in United States, based in Jackson, MS. It received its IRS tax-exemption ruling in December 1993, 33 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Mississippi Sports Foundation Inc reported income of $521k and spending of $677k, spending 130% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $689k to $521k (-24%), an average of -6.8% a year. The sharpest change came in the year to September 2021, when income rose by 36%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Mississippi Sports Foundation Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 72nd percentile within MS. Charities of a similar size with the same main cause include Forces of Nature Inc ($521k), American Institute of Polish Culture Inc ($521k) and Contra Costa Civic Theatre ($521k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 19% and program service revenue 16% of the total. Other salaries and wages came to $273k. At year end it held assets of $1.2m against liabilities of $50k, net assets of $1.2m. It reported 11 employees.