Mill City Commons

Analysis

Mill City Commons is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in April 2009, 17 years ago. 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 December 2023, Mill City Commons reported income of $181k and spending of $171k, spending 95% of its income. Across the 3 years on record, from December 2020 to December 2023, income fell from $211k to $181k (-14%), an average of -7.5% a year. The sharpest change came in the year to December 2022, when income dropped by 18%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mill City Commons sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 50th percentile within MN. Charities of a similar size with the same main cause include Pennsylvania Council on Independent Living ($181k), PTA California Congress of Parents Teachers & Students Inc ($181k) and Hillel the Foundation for Jewish Campus Life ($181k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% and program service revenue 58% of the total. Other salaries and wages came to $115k. At year end it held assets of $269k against liabilities of $0, net assets of $269k. It reported 3 employees.