Mineral Springs Center Inc

Analysis

Mineral Springs Center Inc is a registered charity in United States, based in Blue Ridge, GA. It received its IRS tax-exemption ruling in October 1985, 41 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 2023, Mineral Springs Center Inc reported income of $598k and spending of $531k, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $625k to $598k (-4.4%), an average of -1.1% a year. The sharpest change came in the year to June 2020, when income dropped by 27%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Mineral Springs Center Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 77th percentile within GA. Charities of a similar size with the same main cause include Greater Dwight Development Corporation ($597k), Westchester Square Business Improvement District Inc ($598k) and Door County Economic Development Corporation ($597k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 14% and program service revenue 86% of the total. Other salaries and wages came to $356k. At year end it held assets of $296k against liabilities of $22k, net assets of $274k. It reported 17 employees.