Great City Ms Foundation

Analysis

Great City Ms Foundation is a registered charity in United States, based in Jackson, MS. It received its IRS tax-exemption ruling in April 2022, 4 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 December 2023, Great City Ms Foundation reported income of $696k and spending of $495k, leaving 29% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $666k to $696k (+4.4%), an average of +4.4% a year. Over the whole period it spent 60% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Great City Ms Foundation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 77th percentile within MS. Charities of a similar size with the same main cause include Macon County Sheltered Workshop Inc ($696k), Owyhee Watershed Council ($696k) and Lawrenceville United ($695k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $80k (16% of expenses). Other salaries and wages came to $17k. At year end it held assets of $707k against liabilities of $73k, net assets of $635k. It reported 2 employees.