Danish Mill Corp

Analysis

Danish Mill Corp is a registered charity in United States, based in Elk Horn, IA. It received its IRS tax-exemption ruling in August 1982, 44 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 December 2023, Danish Mill Corp reported income of $299k and spending of $394k, spending 132% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $387k to $299k (-23%), an average of -6.2% a year. The sharpest change came in the year to December 2020, when income dropped by 34%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Danish Mill Corp sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 63rd percentile within IA. Charities of a similar size with the same main cause include Baby 1st Network ($299k), Institute of Classical Architecture and Art Inc ($299k) and Habitat for Humanity International Inc ($299k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% of the total. Other salaries and wages came to $57k. At year end it held assets of $1.1m against liabilities of $44k, net assets of $1.0m. It reported 6 employees.