Millner Elderly Housing Inc

Analysis

Millner Elderly Housing Inc is a registered charity in United States, based in Duluth, GA. It received its IRS tax-exemption ruling in August 1987, 39 years ago. 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, Millner Elderly Housing Inc reported income of $502k and spending of $477k, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $464k to $502k (+8.4%), an average of +2.0% a year. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Millner Elderly Housing Inc sits at the 69th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 74th percentile within GA. Charities of a similar size with the same main cause include U S Marshals Survivors Benefit Fund Inc ($502k), Butler Area Public Library ($502k) and Haywood County Schools Foundation Incorporated ($502k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $116k. At year end it held assets of $444k against liabilities of $816k, net assets of -$372k.