Mill Race Center Inc

Analysis

Mill Race Center Inc is a registered charity in United States, based in Columbus, IN. It received its IRS tax-exemption ruling in May 1958, 68 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 Race Center Inc reported income of $726k and spending of $788k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $999k to $726k (-27%), an average of -7.7% a year. The sharpest change came in the year to December 2022, when income dropped by 23%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mill Race Center Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 76th percentile within IN. Charities of a similar size with the same main cause include Southgate Volunteer Fire Department Inc ($726k), Manufacturers Alliance Foundation ($726k) and Stride Inc ($726k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 18% of the total. Other salaries and wages came to $265k. At year end it held assets of $933k against liabilities of $78k, net assets of $854k. It reported 9 employees.