Millikin Severance No 2 FD A1

Analysis

Millikin Severance No 2 FD A1 is a registered charity in United States, based in Brooklyn, OH. It received its IRS tax-exemption ruling in January 1986, 40 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 2023, Millikin Severance No 2 FD A1 reported income of $199k and spending of $421k, spending 211% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $426k to $199k (-53%), an average of -17% a year. The sharpest change came in the year to December 2021, when income rose by 89%. Over the whole period it spent 125% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Millikin Severance No 2 FD A1 sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 54th percentile within OH. Charities of a similar size with the same main cause include Music and Culture Coalition of New Orleans Nonprofit Corporation ($199k), Jewish International Connection New York Inc ($199k) and Strawberry Hill Ethnic Cultural Society Inc ($199k).

Compensation of current officers, directors and key employees was $45k (11% of expenses). At year end it held assets of $5.3m against liabilities of $0, net assets of $5.3m.