10m Foundation

Analysis

10m Foundation is a registered charity in United States, based in Madison, MS. It received its IRS tax-exemption ruling in July 2022, 4 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, 10m Foundation reported income of $240k and spending of $177k, leaving 26% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $222k to $240k (+8.2%), an average of +8.2% a year. Over the whole period it spent 65% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, 10m Foundation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 60th percentile within MS. Charities of a similar size with the same main cause include Handyman Ministries ($240k), Gate Breaker Ministries Corp ($240k) and Excelsis Center Inc ($240k).

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 $62k (35% of expenses). At year end it held assets of $163k against liabilities of $0, net assets of $163k. It reported 1 employees.