Millers River Educational Cooperative Inc

Analysis

Millers River Educational Cooperative Inc is a registered charity in United States, based in Royalston, MA. It received its IRS tax-exemption ruling in February 1992, 34 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Millers River Educational Cooperative Inc reported income of $1.1m and spending of $985k, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $682k to $1.1m (+61%), an average of +13% a year. The sharpest change came in the year to June 2021, when income rose by 68%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Millers River Educational Cooperative Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within MA. Charities of a similar size with the same main cause include American Legion Endowment Fund Corporation ($1.1m), Caritas Tele Communications ($1.1m) and Arc of Southwest Washington ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 14% and program service revenue 83% of the total. Other salaries and wages came to $460k. At year end it held assets of $3.8m against liabilities of $1.1m, net assets of $2.7m. It reported 25 employees.