Millbrook Homes Inc

Analysis

Millbrook Homes Inc is a registered charity in United States, based in Winstonsalem, NC. It received its IRS tax-exemption ruling in December 1996, 30 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 June 2023, Millbrook Homes Inc reported income of $862k and spending of $839k, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $803k to $862k (+7.4%), an average of +1.8% a year. Over the whole period it spent 103% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Millbrook Homes Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within NC. Charities of a similar size with the same main cause include Canton I Inc ($861k), Silvercrest Senior Housing Development Fund ($862k) and Habitat for Humanity International Inc ($861k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.4% and program service revenue 94% of the total. At year end it held assets of $1.6m against liabilities of $317k, net assets of $1.3m.