Millhouse Foundation

Analysis

Millhouse Foundation is a registered charity in United States, based in McKinney, TX. It received its IRS tax-exemption ruling in June 2019, 7 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, Millhouse Foundation reported income of $94k and spending of $88k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $62k to $94k (+50%), an average of +50% a year. The sharpest change came in the year to December 2023, when income rose by 50%. Over the whole period it spent 93% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Millhouse Foundation sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 37th percentile within TX. Charities of a similar size with the same main cause include Texas Association of Journalism Educators ($94k), Northern Nevada Italian Association Inc ($94k) and Sumando Manos Foundation Inc ($94k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 54% of the total. At year end it held assets of $1 against liabilities of $0, net assets of $1.