Mississippi Economic Growth Alliance and Point of Presence

Analysis

Mississippi Economic Growth Alliance and Point of Presence is a registered charity in United States, based in Tupelo, MS. It received its IRS tax-exemption ruling in July 2007, 19 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 (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 Economic Growth Alliance and Point of Presence reported income of $71k and spending of $243k, spending 342% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $97k to $71k (-27%), an average of -7.4% a year. The sharpest change came in the year to December 2020, when income dropped by 15%. Over the whole period it spent 206% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Mississippi Economic Growth Alliance and Point of Presence sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 29th percentile within MS. Charities of a similar size with the same main cause include Access Ready Inc ($71k), Eureka Foundation ($71k) and Pella Preservation Trust ($71k).

Compensation of current officers, directors and key employees was $90k (37% of expenses). Other salaries and wages came to $3,250. At year end it held assets of $2.0m against liabilities of $0, net assets of $2.0m.

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.