Community Foundation of Northwest Mississippi Inc

Analysis

Community Foundation of Northwest Mississippi Inc is a registered charity in United States, based in Hernando, MS. It received its IRS tax-exemption ruling in June 2003, 23 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Community Foundation of Northwest Mississippi Inc reported income of $8.1m and spending of $6.1m, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.5m to $8.1m (+25%), an average of +5.8% a year. The sharpest change came in the year to December 2020, when income rose by 50%. Over the whole period it spent 53% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Community Foundation of Northwest Mississippi Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within MS. Charities of a similar size with the same main cause include Thunderbirds Charities ($8.1m), Camino Community Development Corporation Inc ($8.2m) and Shalom Orlando Inc ($8.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 7.6% of the total. Compensation of current officers, directors and key employees was $185k (3.0% of expenses). Other salaries and wages came to $332k. At year end it held assets of $43.4m against liabilities of $3.0m, net assets of $40.4m. It reported 10 employees.