Midsouth Collaborative Inc

Analysis

Midsouth Collaborative Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in September 2019, 7 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, Midsouth Collaborative Inc reported income of $114k and spending of $68k, leaving 40% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income fell from $265k to $114k (-57%), an average of -19% a year. The sharpest change came in the year to June 2023, when income dropped by 78%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Midsouth Collaborative Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 40th percentile within TN. Charities of a similar size with the same main cause include Fayette Main St Inc ($114k), Julies Purse Project ($114k) and Towson Elks 469 Charity Fund Inc ($114k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $47k against liabilities of $0, net assets of $47k.