Mills River Partnership Inc
EIN: 452913039 · Mills River, NC · NTEE: C32
Is Mills River Partnership Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Mills River Partnership Inc
Mills River Partnership Inc (EIN: 452913039) is a nonprofit organization based in Mills River, NC, classified under NTEE code C32. The organization reported total revenue of $406K and total assets of $403K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mills River Partnership Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mills River Partnership Inc is a small nonprofit that has been operating for 14 years, with 10 years of IRS 990 filings on record (2014–2023). Revenue has grown at a compound annual rate of 13.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $314K |
| Total Expenses | $508K |
| Surplus / Deficit | $-193,832 |
| Total Assets | $212K |
| Total Liabilities | $21K |
| Net Assets | $191K |
| Operating Margin | -61.7% |
| Debt-to-Asset Ratio | 9.9% |
| Months of Reserves | 5.0 months |
Financial Health Grade: B
In 2023, Mills River Partnership Inc reported a deficit of $194K with expenses exceeding revenue, holds 5.0 months of operating reserves (adequate), has a debt-to-asset ratio of 9.9% (very low leverage).
Financial Trends
Over 10 years of filings (2014–2023), Mills River Partnership Inc's revenue has grown at a compound annual growth rate (CAGR) of 13.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +20.9% | +137.1% | -46.0% |
| 2022 | +25.4% | +37.3% | +15.5% |
| 2021 | +4.1% | -18.8% | +18.0% |
| 2020 | -18.3% | +6.3% | -1.6% |
| 2019 | -6.8% | +3.8% | +32.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2100 |
| IRS Ruling Date | 2012 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Mills River Partnership 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 Mills River Partnership 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 $194K, with expenses exceeding revenue.
- Debt-to-asset ratio: 9.9%.
Frequently Asked Questions about Mills River Partnership Inc
Is Mills River Partnership Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Mills River Partnership Inc (EIN: 452913039) insufficient data. 0 red flags identified, 0 strengths noted.
How does Mills River Partnership Inc spend its money?
Detailed spending breakdown data is not yet available for Mills River Partnership Inc. Check back for updated IRS 990 analysis.
Are donations to Mills River Partnership Inc tax-deductible?
Mills River Partnership Inc is registered as a tax-exempt nonprofit (EIN: 452913039). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Mills River Partnership Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2014–2023), Mills River Partnership Inc's revenue has grown by 208%, moving from $102K to $314K. Total assets increased by 244.1% over the same period, from $62K to $212K. Total functional expenses rose by 592.6%, from $73K to $508K. In its most recent filing year (2023), Mills River Partnership Inc reported a deficit of $194K, with expenses exceeding revenue. The organization holds $21K in liabilities against $212K in assets (debt-to-asset ratio: 9.9%), resulting in net assets of $191K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $314K | $508K | $212K | $21K | — | View 990 |
| 2022 | $260K | $214K | $393K | $8K | — | View 990 |
| 2021 | $207K | $156K | $341K | $1K | — | — |
| 2020 | $199K | $192K | $289K | $446 | — | View 990 |
| 2019 | $244K | $181K | $293K | $12K | — | View 990 |
| 2018 | $261K | $174K | $221K | $3K | — | View 990 |
| 2017 | $154K | $141K | $151K | $20K | — | View 990 |
| 2016 | $220K | $137K | $123K | $5K | — | View 990 |
| 2015 | $177K | $203K | $35K | $0 | — | View 990 |
| 2014 | $102K | $73K | $62K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $314K, expenses of $508K, and assets of $212K (revenue +20.9% year-over-year).
- 2022: Revenue of $260K, expenses of $214K, and assets of $393K (revenue +25.4% year-over-year).
- 2021: Revenue of $207K, expenses of $156K, and assets of $341K (revenue +4.1% year-over-year).
- 2020: Revenue of $199K, expenses of $192K, and assets of $289K (revenue -18.3% year-over-year).
- 2019: Revenue of $244K, expenses of $181K, and assets of $293K (revenue -6.8% year-over-year).
- 2018: Revenue of $261K, expenses of $174K, and assets of $221K (revenue +69.8% year-over-year).
- 2017: Revenue of $154K, expenses of $141K, and assets of $151K (revenue -29.9% year-over-year).
- 2016: Revenue of $220K, expenses of $137K, and assets of $123K (revenue +24.2% year-over-year).
- 2015: Revenue of $177K, expenses of $203K, and assets of $35K (revenue +73.3% year-over-year).
- 2014: Revenue of $102K, expenses of $73K, and assets of $62K.
Data Sources and Methodology
This transparency report for Mills River Partnership 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.