Milford Enhancement Committee

Analysis

Milford Enhancement Committee is a registered charity in United States, based in Milford, PA. It received its IRS tax-exemption ruling in July 2021, 5 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Milford Enhancement Committee reported income of $100k and spending of $118k, spending 118% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $201k to $100k (-50%), an average of -29% a year. The sharpest change came in the year to December 2022, when income dropped by 46%. Over the whole period it spent 51% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Milford Enhancement Committee 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 37th percentile, and in the 35th percentile within PA. Charities of a similar size with the same main cause include Elle Hayes Foundation for Women and Children Inc ($100k), Latter-Day Saint Publishing and Media Association ($100k) and Downtown Development Association of Lincolnton Inc ($100k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% of the total. At year end it held assets of $201k against liabilities of $0, net assets of $201k.