North Mississippi Education Consortium Inc

Analysis

North Mississippi Education Consortium Inc is a registered charity in United States, based in Oxford, MS. It received its IRS tax-exemption ruling in October 2001, 25 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 June 2023, North Mississippi Education Consortium Inc reported income of $12.2m and spending of $13.6m, spending 111% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.0m to $12.2m (+146%), an average of +25% a year. The sharpest change came in the year to June 2021, when income rose by 135%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, North Mississippi Education Consortium Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within MS. Charities of a similar size with the same main cause include Civic Nation ($12.2m), West Philadelphia Achievement Charter Elementary School ($12.2m) and Loveland Classical Schools ($12.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 6.6% of the total. Other salaries and wages came to $678k. At year end it held assets of $5.6m against liabilities of $3.3m, net assets of $2.3m. It reported 26 employees.