Mill River Collaborative Inc
EIN: 61507648 · Stamford, CT · NTEE: N50Z
| Metric | Value |
|---|---|
| Total Revenue | $4.4M |
| Total Expenses | $4.1M |
| Net Assets | $14.7M |
Is Mill River Collaborative Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Mill River Collaborative Inc
Mill River Collaborative Inc (EIN: 61507648) is a nonprofit organization based in Stamford, CT, classified under NTEE code N50Z. The organization reported total revenue of $4.4M and total assets of $21.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mill River Collaborative Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mill River Collaborative Inc is a mid-size nonprofit that has been operating for 28 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.8M |
| Total Expenses | $4.1M |
| Surplus / Deficit | $-324,970 |
| Total Assets | $22.5M |
| Total Liabilities | $7.8M |
| Net Assets | $14.7M |
| Operating Margin | -8.6% |
| Debt-to-Asset Ratio | 34.6% |
| Months of Reserves | 66.0 months |
Financial Health Grade: B
In 2023, Mill River Collaborative Inc reported a deficit of $325K with expenses exceeding revenue, holds 66.0 months of operating reserves (strong position), has a debt-to-asset ratio of 34.6% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Mill River Collaborative Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -61.6% | +38.4% | -0.5% |
| 2022 | +196.8% | -51.6% | +65.4% |
| 2021 | -20.9% | +128.7% | +4.5% |
| 2020 | +54.4% | +7.7% | +5.8% |
| 2019 | -16.3% | +47.5% | +2.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1998 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Mill River Collaborative Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Mill River Collaborative Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $325K, with expenses exceeding revenue.
- Debt-to-asset ratio: 34.6%.
Frequently Asked Questions about Mill River Collaborative Inc
Is Mill River Collaborative Inc a legitimate charity?
Mill River Collaborative Inc (EIN: 61507648) is a registered tax-exempt nonprofit based in Connecticut. It has 13 years of IRS 990 filings on record. Total revenue: $4.4M. No red flags identified. Financial health grade: B.
How does Mill River Collaborative Inc spend its money?
Mill River Collaborative Inc reported $4.4M in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Mill River Collaborative Inc tax-deductible?
Mill River Collaborative Inc is registered as a tax-exempt nonprofit (EIN: 61507648). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Mill River Collaborative Inc located?
Mill River Collaborative Inc is headquartered in Stamford, Connecticut and files with the IRS under EIN 61507648. It is classified under NTEE code N50Z.
How many years of IRS 990 filings does Mill River Collaborative Inc have?
Mill River Collaborative Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $4.4M in total revenue.
Filing History
IRS 990 filing history for Mill River Collaborative Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Mill River Collaborative Inc's revenue has grown by 38.9%, moving from $2.7M to $3.8M. Total assets increased by 377.7% over the same period, from $4.7M to $22.5M. Total functional expenses rose by 596.8%, from $587K to $4.1M. In its most recent filing year (2023), Mill River Collaborative Inc reported a deficit of $325K, with expenses exceeding revenue. The organization holds $7.8M in liabilities against $22.5M in assets (debt-to-asset ratio: 34.6%), resulting in net assets of $14.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.8M | $4.1M | $22.5M | $7.8M | — | View 990 |
| 2022 | $9.8M | $3.0M | $22.6M | $7.5M | — | View 990 |
| 2021 | $3.3M | $6.1M | $13.7M | $5.4M | — | View 990 |
| 2020 | $4.2M | $2.7M | $13.1M | $625K | — | View 990 |
| 2019 | $2.7M | $2.5M | $12.4M | $1.4M | — | — |
| 2018 | $3.2M | $1.7M | $12.1M | $1.4M | — | View 990 |
| 2017 | $2.2M | $1.8M | $9.8M | $652K | — | View 990 |
| 2016 | $1.8M | $1.7M | $9.5M | $685K | — | View 990 |
| 2015 | $3.8M | $6.1M | $9.7M | $816K | — | View 990 |
| 2014 | $2.2M | $1.3M | $11.3M | $104K | — | View 990 |
| 2013 | $7.5M | $1.6M | $10.3M | $88K | — | View 990 |
| 2012 | $2.1M | $2.4M | $4.4M | $15K | — | View 990 |
| 2011 | $2.7M | $587K | $4.7M | $32K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.8M, expenses of $4.1M, and assets of $22.5M (revenue -61.6% year-over-year).
- 2022: Revenue of $9.8M, expenses of $3.0M, and assets of $22.6M (revenue +196.8% year-over-year).
- 2021: Revenue of $3.3M, expenses of $6.1M, and assets of $13.7M (revenue -20.9% year-over-year).
- 2020: Revenue of $4.2M, expenses of $2.7M, and assets of $13.1M (revenue +54.4% year-over-year).
- 2019: Revenue of $2.7M, expenses of $2.5M, and assets of $12.4M (revenue -16.3% year-over-year).
- 2018: Revenue of $3.2M, expenses of $1.7M, and assets of $12.1M (revenue +45.9% year-over-year).
- 2017: Revenue of $2.2M, expenses of $1.8M, and assets of $9.8M (revenue +24.3% year-over-year).
- 2016: Revenue of $1.8M, expenses of $1.7M, and assets of $9.5M (revenue -53.6% year-over-year).
- 2015: Revenue of $3.8M, expenses of $6.1M, and assets of $9.7M (revenue +76.2% year-over-year).
- 2014: Revenue of $2.2M, expenses of $1.3M, and assets of $11.3M (revenue -71.0% year-over-year).
- 2013: Revenue of $7.5M, expenses of $1.6M, and assets of $10.3M (revenue +255.8% year-over-year).
- 2012: Revenue of $2.1M, expenses of $2.4M, and assets of $4.4M (revenue -21.9% year-over-year).
- 2011: Revenue of $2.7M, expenses of $587K, and assets of $4.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mill River Collaborative Inc:
Data Sources and Methodology
This transparency report for Mill River Collaborative Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.