Mill Neck Foundation Inc

Analysis

Mill Neck Foundation Inc is a registered charity in United States, based in Mill Neck, NY. It received its IRS tax-exemption ruling in January 1980, 46 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 December 2023, Mill Neck Foundation Inc reported income of $1.2m and spending of $2.6m, spending 214% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $1.2m (+21%), an average of +5.0% a year. The sharpest change came in the year to December 2021, when income rose by 41%. Over the whole period it spent 189% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Mill Neck Foundation Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 78th percentile within NY. Charities of a similar size with the same main cause include New Hope for Kids ($1.2m), Multi-Service Eating Disorders Association Inc ($1.2m) and North Central Connecticut Emergency Medical Services Council Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $410k (15% of expenses). Other salaries and wages came to $744k. At year end it held assets of $27.8m against liabilities of $7.3m, net assets of $20.5m. It reported 49 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.