Mill Ridge Commons

Analysis

Mill Ridge Commons is a registered charity in United States, based in Roseville, MN. It received its IRS tax-exemption ruling in January 1988, 38 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Mill Ridge Commons reported income of $1.0m and spending of $769k, leaving 27% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $737k to $1.0m (+42%), an average of +9.2% a year. The sharpest change came in the year to September 2020, when income rose by 22%. Over the whole period it spent 77% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mill Ridge Commons sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within MN. Charities of a similar size with the same main cause include Policy Studies Organization ($1.0m), Animal Rescue League of New Hampshire ($1.0m) and Robinson Emergency Medical Service Inc ($1.0m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 96% of the total. Other salaries and wages came to $151k. At year end it held assets of $5.9m against liabilities of $2.6m, net assets of $3.3m.