North London Mill Preservation Inc

Analysis

North London Mill Preservation Inc is a registered charity in United States, based in Alma, CO. It received its IRS tax-exemption ruling in April 2017, 9 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 December 2023, North London Mill Preservation Inc reported income of $68k and spending of $69k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $219k to $68k (-69%), an average of -25% a year. The sharpest change came in the year to December 2023, when income dropped by 78%. Over the whole period it spent 25% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, North London Mill Preservation Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 23rd percentile within CO. Charities of a similar size with the same main cause include Alliance Franchaise of Sarasota Inc ($68k), Brain and Body Music Studio ($68k) and Boot Ranch Hall Foundation ($68k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $9,376 (13% of expenses). At year end it held assets of $900k against liabilities of $4,467, net assets of $896k.