Millburn Education Foundation Inc

Analysis

Millburn Education Foundation Inc is a registered charity in United States, based in Millburn, NJ. It received its IRS tax-exemption ruling in December 1993, 33 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Millburn Education Foundation Inc reported income of $273k and spending of $493k, spending 180% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income grew from $227k to $273k (+21%), an average of +4.8% a year. The sharpest change came in the year to July 2023, when income rose by 52%. Over the whole period it spent 112% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Millburn Education Foundation Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 66th percentile within NJ. Charities of a similar size with the same main cause include Pennsylvania Highlands Community College Foundation ($273k), Michigan Elks Association Charitable Organization Inc ($274k) and Admin Hub ($273k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 53% of the total. Other salaries and wages came to $38k. At year end it held assets of $509k against liabilities of $299k, net assets of $210k. It reported 1 employees.