Mill River Collaborative Inc

Analysis

Mill River Collaborative Inc is a registered charity in United States, based in Stamford, CT. It received its IRS tax-exemption ruling in July 1998, 28 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Mill River Collaborative Inc reported income of $3.8m and spending of $4.1m, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.7m to $3.8m (+39%), an average of +8.6% a year. The sharpest change came in the year to June 2022, when income rose by 197%. Over the whole period it spent 77% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Mill River Collaborative Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within CT. Charities of a similar size with the same main cause include Greater Altoona Community Service Campus ($3.8m), Boys and Girls Club of Kenosha Inc ($3.8m) and Discover Your Northwest ($3.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 8.4% of the total. Compensation of current officers, directors and key employees was $216k (5.3% of expenses). Other salaries and wages came to $1.4m. It paid $42k in professional fundraising fees. At year end it held assets of $22.5m against liabilities of $7.8m, net assets of $14.7m. It reported 86 employees.