Mississippi Bar Foundation Inc

Analysis

Mississippi Bar Foundation Inc is a registered charity in United States, based in Jackson, MS. It received its IRS tax-exemption ruling in August 1964, 62 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 July 2024, Mississippi Bar Foundation Inc reported income of $2.4m and spending of $529k, leaving 78% of income unspent that year. Across the 5 years on record, from July 2020 to July 2024, income grew from $987k to $2.4m (+145%), an average of +25% a year. The sharpest change came in the year to July 2023, when income rose by 156%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mississippi Bar Foundation Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 89th percentile within MS. Charities of a similar size with the same main cause include County of San Diego Black Chamber of Commerce ($2.4m), International Leadership Academy ($2.4m) and Lamplighter School Inc ($2.4m).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 88% and program service revenue 3.0% of the total. At year end it held assets of $5.9m against liabilities of $109k, net assets of $5.8m.