Mills County Storehouse

Analysis

Mills County Storehouse is a registered charity in United States, based in Glenwood, IA. It received its IRS tax-exemption ruling in April 1985, 41 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, Mills County Storehouse reported income of $60k and spending of $82k, spending 135% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $189k to $60k (-68%), an average of -25% a year. The sharpest change came in the year to December 2021, when income rose by 113%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mills County Storehouse sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 21st percentile within IA. Charities of a similar size with the same main cause include Virginia Congress of Parents and Teachers ($60k), Habitat for Humanity International Inc ($60k) and Boy Scouts of America ($60k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% of the total. At year end it held assets of $432k against liabilities of $0, net assets of $432k.