Mission Property Foundation

Analysis

Mission Property Foundation is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in August 1994, 32 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Mission Property Foundation reported income of $4.0m and spending of $822k, leaving 79% of income unspent that year. Across the 3 years on record, from June 2019 to June 2023, income grew from $991k to $4.0m (+301%), an average of +100% a year. The sharpest change came in the year to June 2023, when income rose by 579%. Over the whole period it spent 38% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Mission Property Foundation sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within LA. Charities of a similar size with the same main cause include 67th Precinct Clergy Council Inc ($4.0m), Sustainable Economic Enterprises of Los Angeles ($4.0m) and Building for the Arts Ny Inc ($4.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.9% and program service revenue 89% of the total. Other salaries and wages came to $98k. At year end it held assets of $14.0m against liabilities of $1.2m, net assets of $12.7m. It reported 2 employees.