Downtown Milford Inc

Analysis

Downtown Milford Inc is a registered charity in United States, based in Milford, DE. It received its IRS tax-exemption ruling in May 1996, 30 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 2023, Downtown Milford Inc reported income of $115k and spending of $99k, spending 86% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $99k to $115k (+16%), an average of +16% a year. The sharpest change came in the year to June 2023, when income rose by 16%. Over the whole period it spent 78% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Downtown Milford Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 36th percentile within DE. Charities of a similar size with the same main cause include St Anthony East Neighborhood Association Inc ($115k), Hot Spring County Livestock Exhibition and Fair Association ($115k) and Circle of Life Development Foundation ($115k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 86% and program service revenue 8.7% of the total. At year end it held assets of $205k against liabilities of $3,171, net assets of $202k.