The Mill District Inc

Analysis

The Mill District Inc is a registered charity in United States, based in Columbus, GA. It received its IRS tax-exemption ruling in December 2017, 9 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, The Mill District Inc reported income of $224k and spending of $189k, spending 85% of its income. Across the 3 years on record, from December 2020 to December 2022, income fell from $274k to $224k (-18%), an average of -9.6% a year. The sharpest change came in the year to December 2021, when income dropped by 29%. Over the whole period it spent 52% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, The Mill District Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 60th percentile within GA. Charities of a similar size with the same main cause include New Albany Urban Enterprise Zone ($224k), Santa Barbara County Action Network ($224k) and Greater Washington ($224k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $85k. At year end it held assets of $343k against liabilities of $3,215, net assets of $340k. It reported 2 employees.