Mid Mississippi Regional Library

Analysis

Mid Mississippi Regional Library is a registered charity in United States, based in Kosciusko, MS. It received its IRS tax-exemption ruling in May 1998, 28 years ago. Its declared purposes cover education, which this site groups under education and training. 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 September 2023, Mid Mississippi Regional Library reported income of $2.2m and spending of $2.4m, spending 107% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.1m to $2.2m (+4.6%), an average of +1.1% a year. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mid Mississippi Regional Library sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within MS. Charities of a similar size with the same main cause include Project Creating Space Inc ($2.2m), Sherwood Montessori ($2.2m) and Sunny Wolf Charter School ($2.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 95% and program service revenue 4.5% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $3.8m against liabilities of $123k, net assets of $3.7m. It reported 65 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.