Red Mill Museum Village Inc

Analysis

Red Mill Museum Village Inc is a registered charity in United States, based in Clinton, NJ. It received its IRS tax-exemption ruling in November 1963, 63 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 March 2023, Red Mill Museum Village Inc reported income of $573k and spending of $599k, spending 105% of its income. Across the 5 years on record, from March 2019 to March 2023, income grew from $387k to $573k (+48%), an average of +10% a year. The sharpest change came in the year to March 2022, when income rose by 68%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Red Mill Museum Village 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 72nd percentile, and in the 77th percentile within NJ. Charities of a similar size with the same main cause include Empower Youth in the Performing Arts Inc ($573k), Henry Jackson Society Inc ($573k) and Yellow Farmhouse Education Center ($573k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 43% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $72k (12% of expenses). Other salaries and wages came to $103k. At year end it held assets of $983k against liabilities of $186k, net assets of $797k. It reported 21 employees.