Quick charity verification for Milbank Memorial Fund (EIN: 135562282)
Verdict: Milbank Memorial Fund appears trustworthy
90/100Mission Score
$130.2MRevenue
$96.3MAssets
1Red Flags
4Strengths
Red Flags
Lack of detailed expense breakdown (program, admin, fundraising) in provided data makes precise efficiency analysis difficult.
Strengths
Strong financial health with consistent positive net assets.
Significant asset base ($90,722,486 in 202312) providing long-term stability.
Zero officer compensation reported across all filings, indicating high resource allocation to mission.
Substantial revenue growth in the latest filing period (202312).
Spending Breakdown
How Milbank Memorial Fund allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Milbank Memorial Fund
Is Milbank Memorial Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Milbank Memorial Fund (EIN: 135562282) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
Is Milbank Memorial Fund a good charity to donate to?
Milbank Memorial Fund has a Mission Score of 90/100. Revenue: $130.2M. Assets: $96.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Milbank Memorial Fund?
The Employer Identification Number (EIN) for Milbank Memorial Fund is 135562282. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Milbank Memorial Fund spend its money?
Milbank Memorial Fund allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Milbank Memorial Fund's tax-exempt status?
You can verify Milbank Memorial Fund's tax-exempt status using EIN 135562282 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
The Milbank Memorial Fund demonstrates strong financial health, particularly in its latest filing period (202312) where revenue significantly outpaced expenses ($19,341,210 vs. $6,229,935). This resulted in a substantial increase in net assets. The organization consistently maintains a robust asset base, with assets reaching $90,722,486 in 202312, indicating long-term stability. While specific breakdowns for program, administrative, and fundraising expenses are not provided in the summary data, the overall financial picture suggests efficient management given the consistent positive net assets over many years. The consistent reporting of 0% officer compensation across all available filings is a notable indicator of transparency and a commitment to directing resources towards the mission rather than executive salaries. This practice enhances public trust and suggests a lean operational structure at the top.