Milligan Housing for the Elderly and Handicapped of Bristol Inc

Analysis

Milligan Housing for the Elderly and Handicapped of Bristol Inc is a registered charity in United States, based in Johnson City, TN. It received its IRS tax-exemption ruling in September 2008, 18 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Milligan Housing for the Elderly and Handicapped of Bristol Inc reported income of $76k and spending of $139k, spending 183% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $80k to $76k (-5.6%), an average of -1.9% a year. Over the whole period it spent 170% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Milligan Housing for the Elderly and Handicapped of Bristol Inc sits at the 17th percentile: it is larger than about 17% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 29th percentile within TN. Charities of a similar size with the same main cause include LSS Housing Hampton Inc ($76k), Passavant Memorial Homes VII ($76k) and Maxcen Housing Society Inc Rhode Island Branch ($76k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $9,643. At year end it held assets of $1.3m against liabilities of $1.8m, net assets of -$530k. It reported 3 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.