Mileone Community Giving Foundation Inc

Analysis

Mileone Community Giving Foundation Inc is a registered charity in United States, based in Towson, MD. It received its IRS tax-exemption ruling in November 2018, 8 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Mileone Community Giving Foundation Inc reported income of $75k and spending of $113k, spending 150% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $94k to $75k (-20%), an average of -20% a year. The sharpest change came in the year to December 2023, when income dropped by 20%. Over the whole period it spent 114% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Mileone Community Giving Foundation Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 31st percentile within MD. Charities of a similar size with the same main cause include Burbank High School Baseball Boosters Association ($75k), Julius Guis Memorial Rotary Foundation ($75k) and Prima Care Scholarship Foundation Charitable Trust ($75k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $55k against liabilities of $1,654, net assets of $53k.