Old Mill Foundation

Analysis

Old Mill Foundation is a registered charity in United States, based in San Marino, CA. It received its IRS tax-exemption ruling in January 1996, 30 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 2022, Old Mill Foundation reported income of $237k and spending of $116k, leaving 51% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $88k to $237k (+169%), an average of +39% a year. The sharpest change came in the year to December 2020, when income rose by 106%. Over the whole period it spent 62% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Old Mill Foundation sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 59th percentile within CA. Charities of a similar size with the same main cause include Philosophy of Science Association ($237k), Le Chat Noir ($237k) and Firelands Historical Society ($237k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 89% of the total. Other salaries and wages came to $50k. At year end it held assets of $1.3m against liabilities of $45, net assets of $1.3m. It reported 1 employees.