Milk River Inc

Analysis

Milk River Inc is a registered charity in United States, based in Glasgow, MT. It received its IRS tax-exemption ruling in August 1977, 49 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Milk River Inc reported income of $1.8m and spending of $1.4m, leaving 21% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.1m to $1.8m (+59%), an average of +12% a year. The sharpest change came in the year to June 2023, when income rose by 28%. Over the whole period it spent 106% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Milk River Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 87th percentile within MT. Charities of a similar size with the same main cause include Arc-San Joaquin ($1.8m), Friendly Inn Settlement Inc ($1.8m) and Social Innovation Forum Inc ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 61% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $72k (5.1% of expenses). Other salaries and wages came to $747k. At year end it held assets of $1.8m against liabilities of $223k, net assets of $1.6m.