Community Foundation for Mississippi

Analysis

Community Foundation for Mississippi is a registered charity in United States, based in Jackson, MS. It received its IRS tax-exemption ruling in October 1994, 32 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 2024, Community Foundation for Mississippi reported income of $15.8m and spending of $15.8m, spending 100% of its income. Across the 6 years on record, from March 2019 to March 2024, income grew from $8.1m to $15.8m (+96%), an average of +14% a year. The sharpest change came in the year to March 2020, when income rose by 68%. Over the whole period it spent 78% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Community Foundation for Mississippi sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within MS. Charities of a similar size with the same main cause include Franciscan Sisters of Chicago Service Corporation ($15.8m), Brothers Communities and Ministries Investment Trust ($15.9m) and The Healey International Relief Foundation Inc ($15.8m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 75% of the total. Compensation of current officers, directors and key employees was $221k (1.4% of expenses). Other salaries and wages came to $304k. At year end it held assets of $89.2m against liabilities of $16.0m, net assets of $73.1m. It reported 7 employees.