Mississippi Enterprise for Technology Inc

Analysis

Mississippi Enterprise for Technology Inc is a registered charity in United States, based in Stennis Space Center, MS. It received its IRS tax-exemption ruling in March 1995, 31 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 December 2023, Mississippi Enterprise for Technology Inc reported income of $762k and spending of $791k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $649k to $762k (+17%), an average of +4.1% a year. The sharpest change came in the year to December 2023, when income rose by 30%. Over the whole period it spent 106% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Mississippi Enterprise for Technology Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 78th percentile within MS. Charities of a similar size with the same main cause include We Heart Seattle ($761k), Sustain Charlotte Inc ($762k) and Earthlinks Inc ($761k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 73% of the total. At year end it held assets of $416k against liabilities of $94k, net assets of $323k.

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.