Mississippi Association of Independent Schools Inc

Analysis

Mississippi Association of Independent Schools Inc is a registered charity in United States, based in Pearl, MS. It received its IRS tax-exemption ruling in July 2005, 21 years ago. Its declared purposes cover education, which this site groups under education and training. 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 July 2023, Mississippi Association of Independent Schools Inc reported income of $2.7m and spending of $2.1m, spending 81% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $2.0m to $2.7m (+35%), an average of +7.8% a year. The sharpest change came in the year to July 2023, when income rose by 31%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mississippi Association of Independent Schools Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 90th percentile within MS. Charities of a similar size with the same main cause include Friends of Fullerton College ($2.7m), Aquinas Catholic Schools Foundation Inc ($2.7m) and CKS Foundation ($2.7m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 16% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $210k (9.8% of expenses). Other salaries and wages came to $473k. At year end it held assets of $1.8m against liabilities of $0, net assets of $1.8m. It reported 7 employees.