Arcola Mills Historic Foundation

Analysis

Arcola Mills Historic Foundation is a registered charity in United States, based in Stillwater, MN. It received its IRS tax-exemption ruling in December 1994, 32 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 December 2023, Arcola Mills Historic Foundation reported income of $112k and spending of $146k, spending 131% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $49k to $112k (+131%), an average of +23% a year. The sharpest change came in the year to December 2023, when income rose by 248%. Over the whole period it spent 164% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Arcola Mills Historic Foundation sits at the 45th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 37th percentile within MN. Charities of a similar size with the same main cause include Ksea New York Metropolitan Chapter ($112k), Arts and Heritage Center of North Augusta ($112k) and Kidstage Productions Inc ($112k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.