The Milan Mustard Seed Inc

Analysis

The Milan Mustard Seed Inc is a registered charity in United States, based in Milan, TN. It received its IRS tax-exemption ruling in March 1989, 37 years ago. 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 October 2023, The Milan Mustard Seed Inc reported income of $323k and spending of $338k, spending 105% of its income. Across the 5 years on record, from October 2019 to October 2023, income grew from $310k to $323k (+4.3%), an average of +1.1% a year. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Milan Mustard Seed Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 64th percentile within TN. Charities of a similar size with the same main cause include Daniel and Friends Dog Rescue ($323k), St Davids Housing Development Fund Company Inc ($323k) and Daviess County Multi-Purpose Senior Center Inc ($323k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 62% and program service revenue 38% of the total. Other salaries and wages came to $124k. At year end it held assets of $510k against liabilities of $2,234, net assets of $508k. It reported 8 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.