Millhill Foundation Inc

Analysis

Millhill Foundation Inc is a registered charity in United States, based in Trenton, NJ. It received its IRS tax-exemption ruling in May 2002, 24 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Millhill Foundation Inc reported income of $700k and spending of $913k, spending 130% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income grew from $683k to $700k (+2.6%), an average of +0.6% a year. The sharpest change came in the year to July 2022, when income rose by 32%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Millhill Foundation Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 79th percentile within NJ. Charities of a similar size with the same main cause include Powder River Energy Corporationfoundation Inc ($700k), Inc Nutrition Research and Education Foundation ($700k) and Uniting Partners for Women and Children ($700k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 64% and program service revenue 35% of the total. It paid $20k in professional fundraising fees. At year end it held assets of $2.2m against liabilities of $433k, net assets of $1.7m.