Mississippi First Inc

Analysis

Mississippi First Inc is a registered charity in United States, based in Jackson, MS. It received its IRS tax-exemption ruling in October 2009, 17 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 June 2024, Mississippi First Inc reported income of $996k and spending of $2.9m, spending 289% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $1.2m to $996k (-20%), an average of -5.3% a year. The sharpest change came in the year to June 2022, when income rose by 758%. Over the whole period it spent 65% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Mississippi First Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 81st percentile within MS. Charities of a similar size with the same main cause include Smart Local 137 Apprentice Training Fund ($996k), Criminal Justice Coordinating Council ($997k) and Junction Five-O-Five ($996k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $181k (6.3% of expenses). Other salaries and wages came to $643k. At year end it held assets of $5.1m against liabilities of $300k, net assets of $4.8m. It reported 9 employees.