Foundation For Mississippi History
Foundation For Mississippi History maintains strong asset growth and zero liabilities with no reported officer compensation.
EIN: 202649529 · Jackson, MS · NTEE: T11 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.9M |
| Total Expenses | $2.4M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $9 |
| Net Assets | $9.2M |
| Transparency Score | 85/100 |
Is Foundation For Mississippi History Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Foundation For Mississippi History directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Foundation For Mississippi History
Foundation For Mississippi History (EIN: 202649529) is a nonprofit organization based in Jackson, MS, classified under NTEE code T11. The organization reported total revenue of $5.9M and total assets of $8.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Foundation For Mississippi History's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Foundation For Mississippi History is a mid-size nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 26.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.5M |
| Total Expenses | $2.4M |
| Surplus / Deficit | +$108K |
| Total Assets | $9.2M |
| Net Assets | $9.2M |
| Operating Margin | 4.3% |
| Months of Reserves | 45.5 months |
Financial Health Grade: A
In 2023, Foundation For Mississippi History reported a surplus of $108K with revenue exceeding expenses, holds 45.5 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Foundation For Mississippi History's revenue has grown at a compound annual growth rate (CAGR) of 26.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -43.8% | +182.5% | +1.2% |
| 2022 | +381.2% | +50.5% | +67.2% |
| 2021 | -17.3% | +116.0% | +7.2% |
| 2020 | +23.0% | -32.0% | +20.7% |
| 2019 | -17.5% | -64.3% | +14.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Foundation For Mississippi History with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Foundation For Mississippi History allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $108K, with revenue exceeding expenses.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either uncompensated or compensated through mechanisms not classified as officer compensation, which is highly unusual for an organization of its size with assets exceeding $9 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Foundation For Mississippi History's IRS 990 filings:
- Lack of detailed functional expense breakdown in provided data, limiting full assessment of spending efficiency.
- Unusually consistent 0% officer compensation for an organization of this size, which warrants further investigation into leadership compensation structures.
Strengths
The following positive indicators were identified for Foundation For Mississippi History:
- Consistent reporting of zero liabilities, indicating strong financial stability and low debt risk.
- Significant and consistent growth in assets, from $2,801,611 in 2014 to $9,182,403 in 2023.
- Positive net income in most recent filing (2023: Revenue $2,532,365 vs. Expenses $2,424,152).
- No reported officer compensation, potentially indicating high efficiency in leadership costs.
Frequently Asked Questions about Foundation For Mississippi History
Is Foundation For Mississippi History a legitimate charity?
Foundation For Mississippi History (EIN: 202649529) is a registered tax-exempt nonprofit based in Mississippi. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $5.9M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Foundation For Mississippi History spend its money?
Foundation For Mississippi History directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Foundation For Mississippi History tax-deductible?
Foundation For Mississippi History is registered as a tax-exempt nonprofit (EIN: 202649529). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Foundation For Mississippi History CEO make?
Foundation For Mississippi History's highest-compensated officer earns $9 annually. The organization reported $5.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Foundation For Mississippi History's spending goes to programs?
Foundation For Mississippi History directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Foundation For Mississippi History compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Foundation For Mississippi History is above average for NTEE category T11 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Foundation For Mississippi History located?
Foundation For Mississippi History is headquartered in Jackson, Mississippi and files with the IRS under EIN 202649529. It is classified under NTEE code T11.
How many years of IRS 990 filings does Foundation For Mississippi History have?
Foundation For Mississippi History has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $5.9M in total revenue.
How does the Foundation For Mississippi History manage to report 0% officer compensation with over $9 million in assets?
The consistent reporting of 0% officer compensation across all filings suggests that the organization's leadership may be entirely volunteer-based, or that compensation is structured in a way that it is not reported under 'officer compensation' on the 990 form. This is an unusual but potentially very efficient model.
What caused the significant fluctuations in annual expenses, such as the jump from $858,066 in 2022 to $2,424,152 in 2023?
The substantial variation in annual expenses likely reflects changes in program activities, special projects, or capital expenditures. For example, a large project or acquisition could explain the increase in 2023. Further detail from the full 990 filing would clarify these fluctuations.
What is the specific breakdown of program, administrative, and fundraising expenses?
Based on the provided summary data, a precise breakdown is not available. However, given the NTEE code (T11 - Historical Societies and Related Activities) and the overall financial health, it is reasonable to assume a significant portion goes towards program services, though specific percentages would require reviewing the functional expense statement from the full 990.
How does the organization sustain its operations and growth without reported officer compensation?
The organization's ability to operate and grow its assets to over $9 million without reported officer compensation suggests a highly dedicated volunteer leadership or a unique operational structure where key personnel are compensated through other means, or perhaps through an affiliated entity.
Filing History
IRS 990 filing history for Foundation For Mississippi History showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Foundation For Mississippi History's revenue has grown by 1551.6%, moving from $153K to $2.5M. Total assets increased by 2744.6% over the same period, from $323K to $9.2M. Total functional expenses rose by 7107.2%, from $34K to $2.4M. In its most recent filing year (2023), Foundation For Mississippi History reported a surplus of $108K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.5M | $2.4M | $9.2M | $0 | — | — |
| 2022 | $4.5M | $858K | $9.1M | $0 | — | View 990 |
| 2021 | $936K | $570K | $5.4M | $0 | — | View 990 |
| 2020 | $1.1M | $264K | $5.1M | $0 | — | View 990 |
| 2019 | $920K | $388K | $4.2M | $0 | — | View 990 |
| 2018 | $1.1M | $1.1M | $3.7M | $0 | — | View 990 |
| 2017 | $4.4M | $6.6M | $3.6M | $0 | — | View 990 |
| 2016 | $3.1M | $2.9M | $5.9M | $0 | — | View 990 |
| 2015 | $3.5M | $563K | $5.7M | $0 | — | View 990 |
| 2014 | $2.6M | $836K | $2.8M | $0 | — | View 990 |
| 2013 | $1.2M | $520K | $1.0M | $0 | — | View 990 |
| 2012 | $724K | $742K | $305K | $0 | — | View 990 |
| 2011 | $153K | $34K | $323K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.5M, expenses of $2.4M, and assets of $9.2M (revenue -43.8% year-over-year).
- 2022: Revenue of $4.5M, expenses of $858K, and assets of $9.1M (revenue +381.2% year-over-year).
- 2021: Revenue of $936K, expenses of $570K, and assets of $5.4M (revenue -17.3% year-over-year).
- 2020: Revenue of $1.1M, expenses of $264K, and assets of $5.1M (revenue +23.0% year-over-year).
- 2019: Revenue of $920K, expenses of $388K, and assets of $4.2M (revenue -17.5% year-over-year).
- 2018: Revenue of $1.1M, expenses of $1.1M, and assets of $3.7M (revenue -74.4% year-over-year).
- 2017: Revenue of $4.4M, expenses of $6.6M, and assets of $3.6M (revenue +42.7% year-over-year).
- 2016: Revenue of $3.1M, expenses of $2.9M, and assets of $5.9M (revenue -11.7% year-over-year).
- 2015: Revenue of $3.5M, expenses of $563K, and assets of $5.7M (revenue +33.0% year-over-year).
- 2014: Revenue of $2.6M, expenses of $836K, and assets of $2.8M (revenue +108.4% year-over-year).
- 2013: Revenue of $1.2M, expenses of $520K, and assets of $1.0M (revenue +72.6% year-over-year).
- 2012: Revenue of $724K, expenses of $742K, and assets of $305K (revenue +372.2% year-over-year).
- 2011: Revenue of $153K, expenses of $34K, and assets of $323K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Foundation For Mississippi History:
Data Sources and Methodology
This transparency report for Foundation For Mississippi History is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.