Quick charity verification for Milford Home For Aged Women (EIN: 20223604)
Verdict: Milford Home For Aged Women appears trustworthy
88/100Mission Score
$676KRevenue
$2.1MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent asset growth, from $1,132,524 in 2012 to $1,959,092 in 2024, indicating strong financial health.
Zero reported officer compensation across all filings, suggesting efficient use of funds for programs.
Low liabilities relative to assets, demonstrating a strong balance sheet and minimal financial risk.
Consistent filing of IRS Form 990s over 10 periods, indicating good transparency and compliance.
Generally balanced revenue and expenses, with the latest period (2024) showing revenue exceeding expenses ($634,671 vs. $620,560).
Spending Breakdown
How Milford Home For Aged Women 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 Milford Home For Aged Women
Is Milford Home For Aged Women a legitimate charity?
Based on AI analysis of IRS 990 filings, Milford Home For Aged Women (EIN: 20223604) appears trustworthy. Mission Score: 88/100. 0 red flags identified, 5 strengths noted.
Is Milford Home For Aged Women a good charity to donate to?
Milford Home For Aged Women has a Mission Score of 88/100. Revenue: $676K. Assets: $2.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Milford Home For Aged Women?
The Employer Identification Number (EIN) for Milford Home For Aged Women is 20223604. 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 Milford Home For Aged Women spend its money?
Milford Home For Aged Women allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Milford Home For Aged Women's tax-exempt status?
You can verify Milford Home For Aged Women's tax-exempt status using EIN 20223604 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
Milford Home For Aged Women demonstrates consistent financial stability with a healthy asset base relative to its annual expenses. Over the past decade, the organization has shown steady growth in assets, increasing from $1,132,524 in 2012 to $1,959,092 in 2024. While some years show expenses slightly exceeding revenue, such as in 2023 ($588,909 expenses vs. $554,606 revenue), the overall trend indicates prudent financial management, with the organization maintaining a positive net asset position. The absence of reported officer compensation across all filings suggests a volunteer-driven leadership or that compensation falls below reporting thresholds, which can be a positive indicator of resource allocation directly to mission.
The organization's spending efficiency appears strong, particularly given the zero reported officer compensation. This implies that a significant portion of its operational budget is likely directed towards program services. The consistent filing of IRS Form 990s over a long period (10 filings) indicates a commitment to transparency and regulatory compliance. The relatively low liabilities compared to assets further reinforces a sound financial footing, minimizing financial risk.
Overall, Milford Home For Aged Women appears to be a financially well-managed and transparent organization. Its consistent asset growth, low liabilities, and lack of reported executive compensation suggest that resources are being effectively stewarded to support its mission, providing a stable environment for the aged women it serves.