Daniel & Sharon Milikowsky Family Foundation Inc
Milikowsky Family Foundation shows consistent program focus with zero officer compensation amidst fluctuating revenues.
EIN: 202045527 · Hamden, CT · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $17.3M |
| Total Expenses | $519K |
| Program Spending | 90% |
| Net Assets | $10.6M |
| Transparency Score | 92/100 |
Is Daniel & Sharon Milikowsky Family Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Daniel & Sharon Milikowsky Family Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Daniel & Sharon Milikowsky Family Foundation Inc
Daniel & Sharon Milikowsky Family Foundation Inc (EIN: 202045527) is a nonprofit organization based in Hamden, CT, classified under NTEE code T22. The organization reported total revenue of $17.3M and total assets of $12.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Daniel & Sharon Milikowsky Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Daniel & Sharon Milikowsky Family Foundation Inc is a large nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -4.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $888K |
| Total Expenses | $519K |
| Surplus / Deficit | +$368K |
| Total Assets | $10.7M |
| Total Liabilities | $61K |
| Net Assets | $10.6M |
| Operating Margin | 41.5% |
| Debt-to-Asset Ratio | 0.6% |
| Months of Reserves | 246.2 months |
Financial Health Grade: A
In 2023, Daniel & Sharon Milikowsky Family Foundation Inc reported a surplus of $368K with revenue exceeding expenses, holds 246.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.6% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Daniel & Sharon Milikowsky Family Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -4.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +158.3% | +11.9% | +3.8% |
| 2022 | -91.0% | +4.3% | -0.7% |
| 2021 | +690.4% | +19.9% | +47.3% |
| 2020 | +94.2% | +23.9% | +1.9% |
| 2019 | -95.6% | +7.7% | +12.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Daniel & Sharon Milikowsky Family Foundation Inc with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Daniel & Sharon Milikowsky Family Foundation Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $368K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.6%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers receive salaries from the foundation, which is highly efficient and directs all available funds to charitable purposes.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Daniel & Sharon Milikowsky Family Foundation Inc's IRS 990 filings:
- Significant fluctuations in annual revenue, including negative figures in some years, which could indicate reliance on volatile investment income.
Strengths
The following positive indicators were identified for Daniel & Sharon Milikowsky Family Foundation Inc:
- Consistent 0% officer compensation, indicating high efficiency and dedication of funds to mission.
- Stable and relatively low expenses despite revenue fluctuations, suggesting prudent financial management.
- Consistent filing of IRS Form 990s over a decade, demonstrating good transparency.
- Growth in assets in recent years, from $6.1 million in 2015 to $10.6 million in 2023, indicating financial recovery and stability.
Frequently Asked Questions about Daniel & Sharon Milikowsky Family Foundation Inc
Is Daniel & Sharon Milikowsky Family Foundation Inc a legitimate charity?
Daniel & Sharon Milikowsky Family Foundation Inc (EIN: 202045527) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 92/100. It has 10 years of IRS 990 filings on record. Total revenue: $17.3M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Daniel & Sharon Milikowsky Family Foundation Inc spend its money?
Daniel & Sharon Milikowsky Family Foundation Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Daniel & Sharon Milikowsky Family Foundation Inc tax-deductible?
Daniel & Sharon Milikowsky Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 202045527). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Daniel & Sharon Milikowsky Family Foundation Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Daniel & Sharon Milikowsky Family Foundation Inc is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Daniel & Sharon Milikowsky Family Foundation Inc located?
Daniel & Sharon Milikowsky Family Foundation Inc is headquartered in Hamden, Connecticut and files with the IRS under EIN 202045527. It is classified under NTEE code T22.
How many years of IRS 990 filings does Daniel & Sharon Milikowsky Family Foundation Inc have?
Daniel & Sharon Milikowsky Family Foundation Inc has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $17.3M in total revenue.
Is the Daniel & Sharon Milikowsky Family Foundation Inc. a good charity?
Based on the available data, the foundation appears to be a good charity, particularly due to its consistent program focus, zero officer compensation, and transparent filing history. Its primary function as a grant-making private foundation means its 'efficiency' is often measured by the grants it makes relative to its assets and administrative costs.
How has the foundation's financial health changed over time?
The foundation's assets have fluctuated significantly, peaking at over $26 million in 2011-2014, then decreasing to a low of $6.1 million in 2015, before steadily growing to $10.6 million in 2023. Revenue has also been highly variable, including negative figures in some years, which is typical for foundations with investment-dependent income. Despite these fluctuations, expenses have remained relatively stable and low, indicating prudent financial management.
What is the foundation's approach to executive compensation?
The foundation reports 0% officer compensation in all available filings, meaning no salaries are paid to its officers. This is a strong indicator of efficiency and a commitment to maximizing funds for charitable activities.
Filing History
IRS 990 filing history for Daniel & Sharon Milikowsky Family Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Daniel & Sharon Milikowsky Family Foundation Inc's revenue has declined by 42.9%, moving from $1.6M to $888K. Total assets decreased by 59.4% over the same period, from $26.3M to $10.7M. Total functional expenses fell by 16.1%, from $619K to $519K. In its most recent filing year (2023), Daniel & Sharon Milikowsky Family Foundation Inc reported a surplus of $368K, with revenue exceeding expenses. The organization holds $61K in liabilities against $10.7M in assets (debt-to-asset ratio: 0.6%), resulting in net assets of $10.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $888K | $519K | $10.7M | $61K | — | — |
| 2022 | $344K | $464K | $10.3M | $43K | — | View 990 |
| 2021 | $3.8M | $445K | $10.3M | $1 | — | View 990 |
| 2020 | $482K | $371K | $7.0M | $1 | — | View 990 |
| 2019 | $248K | $300K | $6.9M | $0 | — | View 990 |
| 2015 | $5.6M | $278K | $6.1M | $0 | — | View 990 |
| 2014 | $-138,867 | $591K | $25.5M | $959K | — | View 990 |
| 2013 | $-65,174 | $177K | $25.9M | $459K | — | View 990 |
| 2012 | $501K | $469K | $26.2M | $459K | — | View 990 |
| 2011 | $1.6M | $619K | $26.3M | $459K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $888K, expenses of $519K, and assets of $10.7M (revenue +158.3% year-over-year).
- 2022: Revenue of $344K, expenses of $464K, and assets of $10.3M (revenue -91.0% year-over-year).
- 2021: Revenue of $3.8M, expenses of $445K, and assets of $10.3M (revenue +690.4% year-over-year).
- 2020: Revenue of $482K, expenses of $371K, and assets of $7.0M (revenue +94.2% year-over-year).
- 2019: Revenue of $248K, expenses of $300K, and assets of $6.9M (revenue -95.6% year-over-year).
- 2015: Revenue of $5.6M, expenses of $278K, and assets of $6.1M.
- 2014: Revenue of $-138,867, expenses of $591K, and assets of $25.5M.
- 2013: Revenue of $-65,174, expenses of $177K, and assets of $25.9M (revenue -113.0% year-over-year).
- 2012: Revenue of $501K, expenses of $469K, and assets of $26.2M (revenue -67.8% year-over-year).
- 2011: Revenue of $1.6M, expenses of $619K, and assets of $26.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Daniel & Sharon Milikowsky Family Foundation Inc:
Data Sources and Methodology
This transparency report for Daniel & Sharon Milikowsky Family Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.