The Mills Home Alumni Association Inc

Analysis

The Mills Home Alumni Association Inc is a registered charity in United States, based in Rockwell, NC. It received its IRS tax-exemption ruling in March 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2023, The Mills Home Alumni Association Inc reported income of $63k and spending of $30k, leaving 53% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $67k to $63k (-5.0%), an average of -2.5% a year. The sharpest change came in the year to December 2023, when income dropped by 20%. Over the whole period it spent 40% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Mills Home Alumni Association Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 23rd percentile within NC. Charities of a similar size with the same main cause include Fayette Athletic Boosters Inc ($63k), Mansfield Elementary School Association ($63k) and Know More About Drugs ($63k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 83% of the total. At year end it held assets of $320k against liabilities of $0, net assets of $320k.