Milford Council on Aging

Analysis

Milford Council on Aging is a registered charity in United States, based in Milford, CT. It received its IRS tax-exemption ruling in December 2006, 20 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Milford Council on Aging reported income of $2.0m and spending of $1.9m, spending 96% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.9m to $2.0m (+2.5%), an average of +0.8% a year. Over the whole period it spent 90% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Milford Council on Aging sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 84th percentile within CT. Charities of a similar size with the same main cause include Rosies House a Music Academy for Children Inc ($2.0m), Urban Hope Inc ($2.0m) and Habitat for Humanity International Inc ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 5.5% of the total. Compensation of current officers, directors and key employees was $63k (3.3% of expenses). Other salaries and wages came to $715k. At year end it held assets of $1.3m against liabilities of $41k, net assets of $1.3m. It reported 47 employees.