Milo Housing Corporation

Analysis

Milo Housing Corporation is a registered charity in United States, based in Greenville, ME. It received its IRS tax-exemption ruling in September 1976, 50 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Milo Housing Corporation reported income of $353k and spending of $339k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $324k to $353k (+8.9%), an average of +2.2% a year. Over the whole period it spent 95% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Milo Housing Corporation sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 60th percentile within ME. Charities of a similar size with the same main cause include All Georgia Developments ($353k), United Covenant Foundation Inc ($353k) and National Church Residences ($353k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $447k against liabilities of $378k, net assets of $69k.