Milford Schools Foundation

Analysis

Milford Schools Foundation is a registered charity in United States, based in Milford, NE. It received its IRS tax-exemption ruling in March 1999, 27 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Milford Schools Foundation reported income of $288k and spending of $170k, leaving 41% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $477k to $288k (-40%), an average of -12% a year. The sharpest change came in the year to December 2023, when income rose by 104%. Over the whole period it spent 52% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Milford Schools Foundation 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 61st percentile, and in the 60th percentile within NE. Charities of a similar size with the same main cause include Midlothian Band Boosters ($288k), Generosity Foundation ($288k) and The Wolverine Football Club ($288k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 42% of the total. At year end it held assets of $3.4m against liabilities of $20k, net assets of $3.3m.