United Way of South Mississippi Inc

Analysis

United Way of South Mississippi Inc is a registered charity in United States, based in Gulfport, MS. It received its IRS tax-exemption ruling in August 1993, 33 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 March 2023, United Way of South Mississippi Inc reported income of $1.5m and spending of $1.7m, spending 113% of what it took in. Across the 5 years on record, from March 2019 to March 2023, income grew from $1.3m to $1.5m (+16%), an average of +3.8% a year. The sharpest change came in the year to March 2020, when income rose by 29%. Over the whole period it spent 112% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, United Way of South Mississippi Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 85th percentile within MS. Charities of a similar size with the same main cause include Western Stock Show Association Scholarship Trust ($1.5m), Jewish Federation of Atlantic and Cape May Counties ($1.5m) and Minnesota Military Family Foundation ($1.5m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $166k (9.7% of expenses). Other salaries and wages came to $256k. At year end it held assets of $1.3m against liabilities of $156k, net assets of $1.2m. It reported 8 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.