Milne Asylum for Destitute Orphan Boys

Analysis

Milne Asylum for Destitute Orphan Boys is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in March 1971, 55 years ago. 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 2022, Milne Asylum for Destitute Orphan Boys reported income of $176k and spending of $44k, leaving 75% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income fell from $219k to $176k (-20%), an average of -7.0% a year. The sharpest change came in the year to December 2021, when income rose by 321%. Over the whole period it spent 19% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Milne Asylum for Destitute Orphan Boys sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 49th percentile within LA. Charities of a similar size with the same main cause include Martinez Education Foundation ($176k), Little League Baseball Inc ($176k) and Kansas City Chamber Orchestra Incorporated ($176k).

At year end it held assets of $4.4m against liabilities of $0, net assets of $4.4m.