Mississippi Center for Cultural Production

Analysis

Mississippi Center for Cultural Production is a registered charity in United States, based in Utica, MS. It received its IRS tax-exemption ruling in May 2021, 5 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 Center for Cultural Production reported income of $2.3m and spending of $1.1m, leaving 52% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $3.1m to $2.3m (-26%), an average of -14% a year. The sharpest change came in the year to December 2023, when income rose by 160%. Over the whole period it spent 44% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Mississippi Center for Cultural Production sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within MS. Charities of a similar size with the same main cause include Minnesota Landmarks ($2.3m), The Sandra Feinstein-Gamm Theatre ($2.3m) and New Jersey Ballet Company Inc ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $133k (12% of expenses). Other salaries and wages came to $261k. At year end it held assets of $4.9m against liabilities of $32k, net assets of $4.8m. It reported 19 employees.