Miller Endowment Incorporated

Analysis

Miller Endowment Incorporated is a registered charity in United States, based in Ames, IA. It received its IRS tax-exemption ruling in March 1996, 30 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Miller Endowment Incorporated reported income of $1.5m and spending of $2.2m, spending 147% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $772k to $1.5m (+93%), an average of +18% a year. The sharpest change came in the year to June 2021, when income rose by 78%. Over the whole period it spent 166% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Miller Endowment Incorporated sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 85th percentile within IA. Charities of a similar size with the same main cause include Mohawk Valley Library System ($1.5m), Summit Schools Inc ($1.5m) and Plumbers and Steamfitters Local No 21 Education and Training Fund ($1.5m).

At year end it held assets of $20.5m against liabilities of $0, net assets of $20.5m.

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.