Milford Senior Center Inc

Analysis

Milford Senior Center Inc is a registered charity in United States, based in Milford, DE. It received its IRS tax-exemption ruling in April 1974, 52 years ago. 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 June 2024, Milford Senior Center Inc reported income of $870k and spending of $996k, spending 114% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $622k to $870k (+40%), an average of +8.8% a year. The sharpest change came in the year to June 2022, when income rose by 47%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Milford Senior Center Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 73rd percentile within DE. Charities of a similar size with the same main cause include Anoka-Hennepin Technical College Foundation ($870k), Immanuel Community Services ($870k) and East Alabama E M S Inc ($870k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 53% and program service revenue 30% of the total. Other salaries and wages came to $253k. At year end it held assets of $1.4m against liabilities of $94k, net assets of $1.3m. It reported 23 employees.

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.