Milbridge Residence

Analysis

Milbridge Residence is a registered charity in United States, based in Machias, ME. It received its IRS tax-exemption ruling in November 1996, 30 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Milbridge Residence reported income of $110k and spending of $102k, spending 93% of its income. Across the 2 years on record, from June 2023 to June 2024, income fell from $113k to $110k (-2.4%), an average of -2.4% a year. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Milbridge Residence sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 33rd percentile within ME. Charities of a similar size with the same main cause include Pathways to Children Foundation ($110k), Gods Hygiene Help Center ($110k) and Haveihope Inc ($110k).

On its Form 990-EZ for the period ending June 2024, revenue came from program service revenue 99% of the total. At year end it held assets of $407k against liabilities of $14k, net assets of $393k.