Mill River Community Housing Corporation

Analysis

Mill River Community Housing Corporation is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in June 1987, 39 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Mill River Community Housing Corporation reported income of $201k and spending of $225k, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $150k to $201k (+34%), an average of +7.6% a year. The sharpest change came in the year to June 2020, when income rose by 45%. Over the whole period it spent 112% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mill River Community Housing Corporation sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 50th percentile within RI. Charities of a similar size with the same main cause include Hope for Children Foundation New Jersey ($201k), Trotter House of Evansville Inc ($201k) and Mary Graham Childrens Shelter Foundation ($201k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 66% and program service revenue 31% of the total. At year end it held assets of $541k against liabilities of $478k, net assets of $63k.