Millburn Institute of Talent

Analysis

Millburn Institute of Talent is a registered charity in United States, based in Millburn, NJ. It received its IRS tax-exemption ruling in March 2016, 10 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 2024, Millburn Institute of Talent reported income of $370k and spending of $331k, spending 90% of its income. Across the 4 years on record, from June 2020 to June 2024, income grew from $254k to $370k (+46%), an average of +13% a year. The sharpest change came in the year to June 2023, when income rose by 83%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Millburn Institute of Talent sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 71st percentile within NJ. Charities of a similar size with the same main cause include Michigans Own Inc ($370k), The Alexandria Archive Institute ($370k) and Paradise Garden Foundation Inc ($370k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 2.3% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $37k (11% of expenses). Other salaries and wages came to $73k. At year end it held assets of $365k against liabilities of $135k, net assets of $230k. It reported 12 employees.