Culture Mill Inc

Analysis

Culture Mill Inc is a registered charity in United States, based in Saxapahaw, NC. It received its IRS tax-exemption ruling in January 2013, 13 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 June 2024, Culture Mill Inc reported income of $797k and spending of $344k, leaving 57% of income unspent that year. Across the 4 years on record, from June 2021 to June 2024, income grew from $405k to $797k (+97%), an average of +25% a year. The sharpest change came in the year to June 2024, when income rose by 220%. Over the whole period it spent 63% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Culture Mill Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within NC. Charities of a similar size with the same main cause include Young at Art of Broward Inc ($797k), Womans Club of Fort Worth Inc ($798k) and New Reno Little Theater ($797k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 87% and program service revenue 13% of the total. Other salaries and wages came to $136k. At year end it held assets of $651k against liabilities of $16k, net assets of $635k. It reported 3 employees.