Southwest Mississippi Economic Partnership
EIN: 475179923 · Brookhaven, MS · NTEE: S41
| Metric | Value |
|---|---|
| Total Revenue | $17K |
| Total Expenses | $33K |
| Net Assets | $106K |
Is Southwest Mississippi Economic Partnership Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Southwest Mississippi Economic Partnership
Southwest Mississippi Economic Partnership (EIN: 475179923) is a nonprofit organization based in Brookhaven, MS, classified under NTEE code S41. The organization reported total revenue of $17K and total assets of $97K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Southwest Mississippi Economic Partnership's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Southwest Mississippi Economic Partnership is a micro nonprofit that has been operating for 10 years, with 9 years of IRS 990 filings on record (2015–2023). Revenue has grown at a compound annual rate of 19.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $32K |
| Total Expenses | $33K |
| Surplus / Deficit | $-599 |
| Total Assets | $106K |
| Net Assets | $106K |
| Operating Margin | -1.9% |
| Months of Reserves | 39.0 months |
Financial Health Grade: B
In 2023, Southwest Mississippi Economic Partnership reported a deficit of $599 with expenses exceeding revenue, holds 39.0 months of operating reserves (strong position).
Financial Trends
Over 9 years of filings (2015–2023), Southwest Mississippi Economic Partnership's revenue has grown at a compound annual growth rate (CAGR) of 19.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -34.5% | -50.0% | -0.6% |
| 2022 | +13.7% | +551.0% | -13.3% |
| 2021 | +22.2% | -58.0% | +36.7% |
| 2020 | -21.4% | -36.2% | +14.5% |
| 2019 | -39.5% | -23.3% | +10.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Southwest Mississippi Economic Partnership has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Southwest Mississippi Economic Partnership with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $599, with expenses exceeding revenue.
Frequently Asked Questions about Southwest Mississippi Economic Partnership
Is Southwest Mississippi Economic Partnership a legitimate charity?
Southwest Mississippi Economic Partnership (EIN: 475179923) is a registered tax-exempt nonprofit based in Mississippi. It has 9 years of IRS 990 filings on record. Total revenue: $17K. No red flags identified. Financial health grade: B.
How does Southwest Mississippi Economic Partnership spend its money?
Southwest Mississippi Economic Partnership reported $17K in total revenue in IRS 990 filings. 9 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Southwest Mississippi Economic Partnership tax-deductible?
Southwest Mississippi Economic Partnership is registered as a tax-exempt nonprofit (EIN: 475179923). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Southwest Mississippi Economic Partnership located?
Southwest Mississippi Economic Partnership is headquartered in Brookhaven, Mississippi and files with the IRS under EIN 475179923. It is classified under NTEE code S41.
How many years of IRS 990 filings does Southwest Mississippi Economic Partnership have?
Southwest Mississippi Economic Partnership has 9 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 $17K in total revenue.
Filing History
IRS 990 filing history for Southwest Mississippi Economic Partnership showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2015–2023), Southwest Mississippi Economic Partnership's revenue has grown by 314.5%, moving from $8K to $32K. Total assets increased by 1295.8% over the same period, from $8K to $106K. Total functional expenses rose by 24307.5%, from $134 to $33K. In its most recent filing year (2023), Southwest Mississippi Economic Partnership reported a deficit of $599, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $32K | $33K | $106K | $0 | — | — |
| 2022 | $49K | $65K | $107K | $0 | — | View 990 |
| 2021 | $43K | $10K | $123K | $0 | — | View 990 |
| 2020 | $35K | $24K | $90K | $0 | — | — |
| 2019 | $45K | $37K | $79K | $0 | — | View 990 |
| 2018 | $74K | $49K | $71K | $0 | — | View 990 |
| 2017 | $45K | $38K | $46K | $0 | — | — |
| 2016 | $37K | $6K | $39K | $0 | — | View 990 |
| 2015 | $8K | $134 | $8K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $32K, expenses of $33K, and assets of $106K (revenue -34.5% year-over-year).
- 2022: Revenue of $49K, expenses of $65K, and assets of $107K (revenue +13.7% year-over-year).
- 2021: Revenue of $43K, expenses of $10K, and assets of $123K (revenue +22.2% year-over-year).
- 2020: Revenue of $35K, expenses of $24K, and assets of $90K (revenue -21.4% year-over-year).
- 2019: Revenue of $45K, expenses of $37K, and assets of $79K (revenue -39.5% year-over-year).
- 2018: Revenue of $74K, expenses of $49K, and assets of $71K (revenue +64.0% year-over-year).
- 2017: Revenue of $45K, expenses of $38K, and assets of $46K (revenue +21.5% year-over-year).
- 2016: Revenue of $37K, expenses of $6K, and assets of $39K (revenue +380.9% year-over-year).
- 2015: Revenue of $8K, expenses of $134, and assets of $8K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Southwest Mississippi Economic Partnership:
Data Sources and Methodology
This transparency report for Southwest Mississippi Economic Partnership 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.