Mill City Grows Inc

Analysis

Mill City Grows Inc is a registered charity in United States, based in Lowell, MA. It received its IRS tax-exemption ruling in June 2015, 11 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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, Mill City Grows Inc reported income of $1.8m and spending of $1.6m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $1.8m (+19%), an average of +4.5% a year. The sharpest change came in the year to December 2021, when income rose by 27%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mill City Grows Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within MA. Charities of a similar size with the same main cause include Community Outreach Inc ($1.8m), Childrens Oncology Support Fund ($1.8m) and East Moline Citizens for a Community Center ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 8.3% of the total. Compensation of current officers, directors and key employees was $98k (6.0% of expenses). Other salaries and wages came to $956k. At year end it held assets of $1.6m against liabilities of $132k, net assets of $1.5m. It reported 31 employees.