Mill Reef Fund

Analysis

Mill Reef Fund is a registered charity in United States, based in Greenwich, CT. It received its IRS tax-exemption ruling in June 1950, 76 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, Mill Reef Fund reported income of $690k and spending of $594k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $724k to $690k (-4.6%), an average of -1.2% a year. The sharpest change came in the year to December 2020, when income dropped by 32%. Over the whole period it spent 114% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Mill Reef Fund sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 73rd percentile within CT. Charities of a similar size with the same main cause include Occu Foundation Inc ($690k), Tax Council Policy Institute ($690k) and Assistance League of Seattle Washington ($690k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $720k against liabilities of $2,942, net assets of $717k.