Quick charity verification for Mill River Club Inc (EIN: 112028458)
Verdict: Mill River Club Inc appears trustworthy
75/100Mission Score
$10.9MRevenue
$13.7MAssets
3Red Flags
3Strengths
Red Flags
Unknown NTEE code, hindering mission clarity and comparative analysis
Consistent 0% officer compensation despite significant revenue and assets, raising questions about executive remuneration reporting practices
Lack of detailed functional expense breakdown (program, admin, fundraising) in provided data
Strengths
Consistent positive net income, with revenues generally exceeding expenses (e.g., 2023 revenue $9,086,309 vs. expenses $8,652,695)
Steady growth in assets over the past decade, from $8.7M in 2014 to $12.2M in 2023, indicating financial stability
Consistent filing of IRS Form 990s, demonstrating regulatory compliance
Spending Breakdown
How Mill River Club Inc allocates its funds across programs, administration, and fundraising.
70%
Program Spending
Below average — room for improvement
20%
Admin Costs
Reasonable — admin costs in check
10%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Mill River Club Inc
Is Mill River Club Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Mill River Club Inc (EIN: 112028458) appears trustworthy. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
Is Mill River Club Inc a good charity to donate to?
Mill River Club Inc has a Mission Score of 75/100. Revenue: $10.9M. Assets: $13.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Mill River Club Inc?
The Employer Identification Number (EIN) for Mill River Club Inc is 112028458. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Mill River Club Inc spend its money?
Mill River Club Inc allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Mill River Club Inc's tax-exempt status?
You can verify Mill River Club Inc's tax-exempt status using EIN 112028458 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Mill River Club Inc. demonstrates consistent financial activity, with revenues generally exceeding expenses in recent years. For example, in 2023, revenue was $9,086,309 against expenses of $8,652,695, indicating a surplus. The organization's assets have shown a steady increase over the past decade, growing from $8,718,877 in 2014 to $12,270,771 in 2023, suggesting financial stability and growth. However, the NTEE code is unknown, which can sometimes hinder a clear understanding of its specific programmatic focus and impact.
The organization's financial health appears sound, with a positive net income in most recent periods. The absence of reported officer compensation across all available filings is a notable point regarding executive remuneration, suggesting either a volunteer leadership structure or compensation being reported under different categories not immediately apparent as 'officer compensation'. Without a breakdown of expenses into program, administrative, and fundraising categories, it's challenging to fully assess spending efficiency and the proportion of funds directly supporting its mission.
Transparency could be enhanced by providing more detailed information on the NTEE code and a clear functional expense breakdown. While the consistent filing of IRS Form 990s demonstrates compliance, a deeper dive into how expenses are categorized would offer greater insight into how effectively funds are being utilized to achieve its stated purpose, especially given its substantial revenue and asset base.