Millard Public Schools Foundation Inc

Analysis

Millard Public Schools Foundation Inc is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in September 1985, 41 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Millard Public Schools Foundation Inc reported income of $12.5m and spending of $8.1m, leaving 35% of income unspent that year. Across the 5 years on record, from May 2019 to May 2023, income grew from $8.5m to $12.5m (+46%), an average of +10% a year. The sharpest change came in the year to May 2023, when income rose by 39%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Millard Public Schools Foundation Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within NE. Charities of a similar size with the same main cause include Meals of Hope Inc ($12.5m), Church of Christ Home for the Aged ($12.5m) and Westside Future Fund ($12.5m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 37% and program service revenue 60% of the total. Compensation of current officers, directors and key employees was $172k (2.1% of expenses). Other salaries and wages came to $3.3m. At year end it held assets of $25.7m against liabilities of $3.2m, net assets of $22.5m. It reported 274 employees.