Jay and Marsha Millard Foundation

Analysis

Jay and Marsha Millard Foundation is a registered charity in United States, based in Dayton, KY. It received its IRS tax-exemption ruling in October 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Jay and Marsha Millard Foundation reported income of $616k and spending of $459k, leaving 25% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $368k to $616k (+67%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 62%. Over the whole period it spent 81% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Jay and Marsha Millard Foundation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within KY. Charities of a similar size with the same main cause include Collier County Senior Resource Center Inc ($616k), Vine Academy Inc ($616k) and Lahainaluna High School Foundation ($615k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $133k (29% of expenses). Other salaries and wages came to $171k. At year end it held assets of $93k against liabilities of $0, net assets of $93k. It reported 22 employees.