Millsaps College
1701 N State St, Jackson, MS · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $55,576,540 | $53,180,196 | $179,147,862 |
| FY2024 | $49,893,046 | $51,520,523 | $176,755,519 |
| FY2023 | $62,268,494 | $52,097,442 | $168,553,638 |
| FY2022 | $59,398,163 | $54,131,648 | $157,398,820 |
| FY2021 | $60,487,890 | $48,944,113 | $168,473,253 |
| FY2020 | $50,786,555 | $52,267,840 | $134,746,506 |
| FY2019 | $58,289,941 | $57,271,932 | $135,729,078 |
| FY2018 | $58,965,203 | $58,036,801 | $132,852,914 |
| FY2017 | $60,016,828 | $57,779,341 | $128,183,967 |
| FY2016 | $47,929,689 | $54,881,773 | $112,632,087 |
| FY2015 | $49,503,601 | $52,499,991 | $125,240,632 |
| FY2014 | $50,338,183 | $49,891,885 | $138,008,992 |
| FY2013 | $70,065,746 | $50,789,577 | $123,260,651 |
| FY2012 | $48,287,751 | $51,640,425 | $103,456,154 |
Form 990 filings
The returns filed by Millsaps College (EIN 64-0303084), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $9,242,533 | 17% |
| Program service revenue | $30,925,963 | 56% |
| Other revenue | $15,408,044 | 28% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $39,865,738 | 75% |
| Management & general | $9,959,432 | 19% |
| Fundraising | $3,355,026 | 6% |
What the numbers show
- Program service revenue made up 56% of total revenue in FY2025.
- Program services accounted for 75% of functional expenses, management & general 19%, and fundraising 6%.
- 75% of functional expenses went to program services in FY2025. That is higher than 8.3% of 24 Education organizations in MS.
- Net assets covered about 40.4 months of expenses at the end of the reporting year. That puts it in the 78th percentile among 336 Education organizations in MS.
- Total revenue was higher than 98.8% of 340 Education organizations in MS.
- Total revenue rose from $48,287,751 in FY2012 to $55,576,540 in FY2025. Revenue increased in 5 and decreased in 8 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 5 of 14 reported years (FY2012, FY2015, FY2016, FY2020, FY2024).
- The highest revenue on record here is $70,065,746 in FY2013.
- Net assets grew from $103,456,154 to $179,147,862 between FY2012 and FY2025.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
MILLSAPS COLLEGE IS A PRIVATE NONPROFIT LIBERAL ARTS COLLEGE BASED IN JACKSON, MS; PROVIDING EDUCATION AND TRAINING SERVICES FOR STUDENTS AT THE UNDERGRADUATE AND GRADUATE LEVEL
IRS status
| Ruling year | 1944 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | B420 — Education |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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