Mississippi Blues Foundation
Mississippi Blues Foundation maintains stable assets and zero liabilities despite fluctuating revenues.
EIN: 205453462 · Jackson, MS · NTEE: A68 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $39K |
| Total Expenses | $38K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $18,776 |
| Net Assets | $189K |
| Transparency Score | 85/100 |
Is Mississippi Blues Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mississippi Blues Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mississippi Blues Foundation
Mississippi Blues Foundation (EIN: 205453462) is a nonprofit organization based in Jackson, MS, classified under NTEE code A68. The organization reported total revenue of $39K and total assets of $177K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mississippi Blues Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mississippi Blues Foundation is a micro nonprofit that has been operating for 19 years, with 11 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of -11.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $40K |
| Total Expenses | $38K |
| Surplus / Deficit | +$2K |
| Total Assets | $189K |
| Net Assets | $189K |
| Operating Margin | 5.9% |
| Months of Reserves | 60.4 months |
Financial Health Grade: A
In 2023, Mississippi Blues Foundation reported a surplus of $2K with revenue exceeding expenses, holds 60.4 months of operating reserves (strong position).
Financial Trends
Over 11 years of filings (2013–2023), Mississippi Blues Foundation's revenue has declined at a compound annual growth rate (CAGR) of -11.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -20.2% | -36.8% | +1.3% |
| 2022 | +44.0% | -17.0% | -4.8% |
| 2021 | -68.1% | +24.7% | -15.8% |
| 2020 | +5.3% | -28.9% | +28.4% |
| 2019 | +217.1% | +93.2% | +14.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Mississippi Blues Foundation 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Mississippi Blues Foundation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $2K, with revenue exceeding expenses.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no funds are used for executive salaries, which is highly commendable for an organization of its size with revenues ranging from $18,776 to $108,970.
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 Mississippi Blues Foundation's IRS 990 filings:
- Significant revenue volatility over the past few years, from $108,970 in 2020 to $39,981 in 2023, which could impact long-term planning.
- Expenses exceeded revenue in multiple years (e.g., 2022, 2021, 2018, 2017), indicating reliance on prior year reserves or asset drawdowns.
Strengths
The following positive indicators were identified for Mississippi Blues Foundation:
- Consistent reporting with 11 IRS 990 filings, demonstrating strong transparency.
- Zero liabilities reported across all available filings, indicating excellent financial management and no debt burden.
- 0% officer compensation reported consistently, suggesting a high dedication of funds to the mission rather than executive salaries.
- Stable asset base, with assets consistently above $150,000 in recent years, providing a financial cushion.
Frequently Asked Questions about Mississippi Blues Foundation
Is Mississippi Blues Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Mississippi Blues Foundation (EIN: 205453462) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Mississippi Blues Foundation spend its money?
Mississippi Blues Foundation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Mississippi Blues Foundation tax-deductible?
Mississippi Blues Foundation is registered as a tax-exempt nonprofit (EIN: 205453462). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Mississippi Blues Foundation CEO make?
Mississippi Blues Foundation's highest-compensated officer earns $18,776 annually. The organization reported $39K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Mississippi Blues Foundation's spending goes to programs?
Mississippi Blues Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Mississippi Blues Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Mississippi Blues Foundation is above average for NTEE category A68 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Mississippi Blues Foundation located?
Mississippi Blues Foundation is headquartered in Jackson, Mississippi and files with the IRS under EIN 205453462. It is classified under NTEE code A68.
How many years of IRS 990 filings does Mississippi Blues Foundation have?
Mississippi Blues Foundation has 11 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 $39K in total revenue.
Is the Mississippi Blues Foundation financially stable?
Yes, the organization appears financially stable. It has consistently maintained assets, reaching $189,243 in 2023, and has reported zero liabilities across all 11 filings, indicating a strong balance sheet.
How has the organization's revenue trended?
Revenue has fluctuated significantly, peaking at $108,970 in 2020 and then declining to $39,981 in 2023. This suggests an inconsistent funding stream.
Does the organization pay its officers?
No, the Mississippi Blues Foundation consistently reports 0% officer compensation in all available IRS 990 filings, indicating that executive leadership is not compensated through salaries.
What is the organization's approach to debt?
The organization has a highly conservative approach to debt, reporting zero liabilities in every single filing from 2014 to 2023, which is a significant financial strength.
Filing History
IRS 990 filing history for Mississippi Blues Foundation showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2013–2023), Mississippi Blues Foundation's revenue has declined by 68.8%, moving from $128K to $40K. Total assets increased by 81.4% over the same period, from $104K to $189K. Total functional expenses rose by 58.9%, from $24K to $38K. In its most recent filing year (2023), Mississippi Blues Foundation reported a surplus of $2K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $40K | $38K | $189K | $0 | — | View 990 |
| 2022 | $50K | $59K | $187K | $0 | — | View 990 |
| 2021 | $35K | $72K | $196K | $0 | — | View 990 |
| 2020 | $109K | $57K | $233K | $0 | — | View 990 |
| 2019 | $103K | $81K | $182K | $0 | — | View 990 |
| 2018 | $33K | $42K | $159K | $0 | — | View 990 |
| 2017 | $19K | $28K | $168K | $0 | — | View 990 |
| 2016 | $31K | $22K | $177K | $0 | — | View 990 |
| 2015 | $28K | $17K | $169K | $0 | — | View 990 |
| 2014 | $29K | $8K | $126K | $0 | — | View 990 |
| 2013 | $128K | $24K | $104K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $40K, expenses of $38K, and assets of $189K (revenue -20.2% year-over-year).
- 2022: Revenue of $50K, expenses of $59K, and assets of $187K (revenue +44.0% year-over-year).
- 2021: Revenue of $35K, expenses of $72K, and assets of $196K (revenue -68.1% year-over-year).
- 2020: Revenue of $109K, expenses of $57K, and assets of $233K (revenue +5.3% year-over-year).
- 2019: Revenue of $103K, expenses of $81K, and assets of $182K (revenue +217.1% year-over-year).
- 2018: Revenue of $33K, expenses of $42K, and assets of $159K (revenue +73.8% year-over-year).
- 2017: Revenue of $19K, expenses of $28K, and assets of $168K (revenue -38.5% year-over-year).
- 2016: Revenue of $31K, expenses of $22K, and assets of $177K (revenue +8.3% year-over-year).
- 2015: Revenue of $28K, expenses of $17K, and assets of $169K (revenue -3.6% year-over-year).
- 2014: Revenue of $29K, expenses of $8K, and assets of $126K (revenue -77.2% year-over-year).
- 2013: Revenue of $128K, expenses of $24K, and assets of $104K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mississippi Blues Foundation:
Data Sources and Methodology
This transparency report for Mississippi Blues Foundation 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.