Mill Race Center Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2010 | 1,084,503 | 1,116,732 | −32,229 | 4.3 | 25% |
| 2011 | 1,545,118 | 1,553,017 | −7,899 | 3.1 | 24% |
| 2012 | 3,021,528 | 1,546,514 | 1,475,014 | 14.6 | 25% |
| 2013 | 1,147,300 | 1,355,410 | −208,110 | 13.4 | 5% |
| 2014 | 853,895 | 1,133,907 | −280,012 | 14.3 | 43% |
| 2015 | 1,114,484 | 1,163,689 | −49,205 | 13.4 | 40% |
| 2016 | 969,972 | 1,090,036 | −120,064 | 13.9 | 40% |
| 2017 | 932,456 | 1,210,036 | −277,580 | 9.8 | 40% |
| 2018 | 1,103,217 | 1,234,927 | −131,710 | 8.3 | 42% |
| 2019 | 998,994 | 1,092,329 | −93,335 | 8.4 | 42% |
| 2020 | 956,369 | 951,217 | 5,152 | 9.7 | 39% |
| 2021 | 1,035,024 | 744,424 | 290,600 | 17.1 | 24% |
| 2022 | 794,447 | 930,729 | −136,282 | 11.9 | 36% |
| 2023 | 725,597 | 787,562 | −61,965 | 13.0 | 34% |
In its most recent public year (2023), this organization spent $61,965 more than it brought in. Its reserves stood at about 13 months of spending, up from 4.3 in 2010. Staff pay was 34% of spending. $9 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
Mill Race Center Inc's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works