Mission 514 Inc

Analysis

Mission 514 Inc is a registered charity in United States, based in Alpharetta, GA. It received its IRS tax-exemption ruling in October 2018, 8 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 514 Inc reported income of $212k and spending of $203k, spending 96% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $173k to $212k (+22%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 22%. Over the whole period it spent 83% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mission 514 Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 59th percentile within GA. Charities of a similar size with the same main cause include Victory Restoration Centers ($212k), Veterans and Athletes United Inc ($212k) and Global Help Initiative Inc ($212k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $76k (38% of expenses). Other salaries and wages came to $24k. At year end it held assets of $117k against liabilities of $9,800, net assets of $107k. It reported 2 employees.