Mission 500 Inc

Analysis

Mission 500 Inc is a registered charity in United States, based in White Plains, NY. It received its IRS tax-exemption ruling in May 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Mission 500 Inc reported income of $216k and spending of $180k, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $216k (-80%), an average of -33% a year. The sharpest change came in the year to December 2023, when income dropped by 80%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mission 500 Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 53rd percentile within NY. Charities of a similar size with the same main cause include Okinawa Enlisted Spouses Club ($216k), Farmers Market of the Ozarks Inc ($216k) and Alleghany Highlands Arts Council ($216k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 130% and program service revenue 11% of the total. At year end it held assets of $195k against liabilities of $7,704, net assets of $187k.