Quick charity verification for Milbridge Residence (EIN: 10507931)
Verdict: Milbridge Residence appears trustworthy
92/100Mission Score
$112KRevenue
$431KAssets
1Red Flags
4Strengths
Red Flags
N/A - No significant red flags identified based on provided data.
Strengths
Consistent revenue and expense management, leading to asset growth (e.g., assets grew from $327,577 in 2015 to $406,970 in 2024).
Very low liabilities, indicating minimal debt burden (e.g., $13,683 in 2024).
0% reported officer compensation across all filings, maximizing funds for mission-related activities.
Stable financial operations over a decade, demonstrating resilience and effective governance.
Spending Breakdown
How Milbridge Residence allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
8%
Admin Costs
Reasonable — admin costs in check
2%
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 Milbridge Residence
Is Milbridge Residence a legitimate charity?
Based on AI analysis of IRS 990 filings, Milbridge Residence (EIN: 10507931) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 4 strengths noted.
Is Milbridge Residence a good charity to donate to?
Milbridge Residence has a Mission Score of 92/100. Revenue: $112K. Assets: $431K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Milbridge Residence?
The Employer Identification Number (EIN) for Milbridge Residence is 10507931. 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 Milbridge Residence spend its money?
Milbridge Residence allocates 90% to programs, 8% to administration, and 2% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Milbridge Residence's tax-exempt status?
You can verify Milbridge Residence's tax-exempt status using EIN 10507931 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
Milbridge Residence demonstrates consistent financial stability with steady revenue streams averaging around $110,000 annually over the past decade. The organization consistently maintains a healthy asset base, growing from $327,577 in 2015 to $406,970 in 2024, indicating sound financial management and accumulation of resources. Liabilities remain low, typically under $20,000, which is a positive indicator of fiscal responsibility and minimal debt burden.
The organization's spending efficiency appears strong, with expenses generally staying below revenue, allowing for asset growth. For instance, in 2024, expenses were $102,023 against revenues of $109,983. A significant strength is the reported 0% officer compensation across all available filings, suggesting that leadership is either volunteer-based or compensated through other means not categorized as officer compensation, which can free up more funds for programmatic activities. This also contributes positively to transparency regarding executive pay.
Overall, Milbridge Residence exhibits good financial health, prudent spending, and a high degree of transparency regarding executive compensation. Its consistent operations and asset growth suggest a well-managed organization capable of sustaining its mission.