Millikin Severance No 2 Fund A-2

Analysis

Millikin Severance No 2 Fund A-2 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 philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Fund A-2 reported income of $173k and spending of $666k, spending 385% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $917k to $173k (-81%), an average of -34% a year. The sharpest change came in the year to December 2022, when income dropped by 77%. Over the whole period it spent 117% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Millikin Severance No 2 Fund A-2 sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 51st percentile within OH. Charities of a similar size with the same main cause include Atam Pargas USA ($173k), Al Jariya Corporation ($173k) and Stockyard Saloon Foundation ($173k).

Compensation of current officers, directors and key employees was $73k (11% of expenses). At year end it held assets of $9.9m against liabilities of $0, net assets of $9.9m.