Milligan Housing for the Elderly and Handicapped of Gaffney Inc

Analysis

Milligan Housing for the Elderly and Handicapped of Gaffney Inc is a registered charity in United States, based in Johnson City, TN. It received its IRS tax-exemption ruling in September 1983, 43 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 2022, Milligan Housing for the Elderly and Handicapped of Gaffney Inc reported income of $276k and spending of $224k, spending 81% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $264k to $276k (+4.5%), an average of +1.5% a year. Over the whole period it spent 81% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Milligan Housing for the Elderly and Handicapped of Gaffney Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 61st percentile within TN. Charities of a similar size with the same main cause include Baton Rouge Village Inc ($276k), Shall Never Thirst Ministries ($276k) and Seabury Charitable Foundation Inc ($276k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $23k. At year end it held assets of $681k against liabilities of $865k, net assets of -$183k. It reported 2 employees.