Mississippi Low-Income Child-Care Initiative

Analysis

Mississippi Low-Income Child-Care Initiative is a registered charity in United States, based in Biloxi, MS. It received its IRS tax-exemption ruling in November 2001, 25 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Low-Income Child-Care Initiative reported income of $3.6m and spending of $1.1m, leaving 69% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $287k to $3.6m (+1154%), an average of +88% a year. The sharpest change came in the year to December 2023, when income rose by 511%. Over the whole period it spent 65% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mississippi Low-Income Child-Care Initiative sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within MS. Charities of a similar size with the same main cause include Bread of Life International Inc ($3.6m), Peaceful Paths Inc ($3.6m) and Readykids Inc ($3.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $40k (3.6% of expenses). Other salaries and wages came to $383k. At year end it held assets of $3.8m against liabilities of $291k, net assets of $3.5m. It reported 9 employees.