Mill Cove Inc

Analysis

Mill Cove Inc is a registered charity in United States, based in Mansfield, PA. It received its IRS tax-exemption ruling in November 2002, 24 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 Cove Inc reported income of $174k and spending of $156k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $157k to $174k (+10%), an average of +2.5% a year. The sharpest change came in the year to December 2022, when income rose by 158%. Over the whole period it spent 172% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Mill Cove Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 48th percentile within PA. Charities of a similar size with the same main cause include The Ibelieve Foundation ($174k), Tennessee School Resource Officers Association Inc ($174k) and Mondays Hope ($174k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.8% of the total. At year end it held assets of $0 against liabilities of $0, net assets of $0.