Mark And Jessie Milano Foundation
Mark And Jessie Milano Foundation maintains stable assets and reports no officer compensation over a decade.
EIN: 208004580 · Wilmington, DE · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.9M |
| Total Expenses | $247K |
| Program Spending | 90% |
| Net Assets | $4.6M |
| Transparency Score | 85/100 |
Is Mark And Jessie Milano Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mark And Jessie Milano Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mark And Jessie Milano Foundation
Mark And Jessie Milano Foundation (EIN: 208004580) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T20. The organization reported total revenue of $1.9M and total assets of $4.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mark And Jessie Milano Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mark And Jessie Milano Foundation is a mid-size nonprofit that has been operating for 18 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $246K |
| Total Expenses | $247K |
| Surplus / Deficit | $-1,699 |
| Total Assets | $4.6M |
| Total Liabilities | $1 |
| Net Assets | $4.6M |
| Operating Margin | -0.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 224.9 months |
Financial Health Grade: B
In 2023, Mark And Jessie Milano Foundation reported a deficit of $2K with expenses exceeding revenue, holds 224.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Mark And Jessie Milano Foundation's revenue has declined at a compound annual growth rate (CAGR) of -2.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -16.0% | -55.9% | +-0.0% |
| 2022 | -58.7% | +9.3% | -5.5% |
| 2021 | +238.7% | +71.2% | +4.1% |
| 2020 | -59.3% | -18.8% | -1.9% |
| 2019 | +29.8% | +10.0% | -1.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Mark And Jessie Milano Foundation with a Mission Score of 85 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, Mark And Jessie Milano Foundation 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 deficit of $2K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The foundation consistently reports 0% officer compensation across all available filings, indicating that no salaries or other compensation are paid to its officers, which is a strong positive for financial efficiency and donor trust.
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 Mark And Jessie Milano Foundation's IRS 990 filings:
- Expenses occasionally exceed revenue, though this is common for foundations drawing from an endowment.
Strengths
The following positive indicators were identified for Mark And Jessie Milano Foundation:
- Consistent reporting of 0% officer compensation, indicating high efficiency in executive pay.
- Stable asset base over a decade, demonstrating financial resilience.
- Minimal liabilities reported across all filings, indicating strong financial health.
- Consistent IRS 990 filings, showing good transparency.
Frequently Asked Questions about Mark And Jessie Milano Foundation
Is Mark And Jessie Milano Foundation a legitimate charity?
Mark And Jessie Milano Foundation (EIN: 208004580) is a registered tax-exempt nonprofit based in Delaware. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $1.9M. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Mark And Jessie Milano Foundation spend its money?
Mark And Jessie Milano Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Mark And Jessie Milano Foundation tax-deductible?
Mark And Jessie Milano Foundation is registered as a tax-exempt nonprofit (EIN: 208004580). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Mark And Jessie Milano Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Mark And Jessie Milano Foundation is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Mark And Jessie Milano Foundation located?
Mark And Jessie Milano Foundation is headquartered in Wilmington, Delaware and files with the IRS under EIN 208004580. It is classified under NTEE code T20.
How many years of IRS 990 filings does Mark And Jessie Milano Foundation have?
Mark And Jessie Milano Foundation 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 $1.9M in total revenue.
Is the Mark And Jessie Milano Foundation a good charity?
As a private grantmaking foundation, its 'goodness' is primarily measured by its financial stability and grantmaking impact. Financially, it appears very stable with consistent assets and minimal liabilities. The absence of officer compensation is a significant positive. To fully assess its impact, one would need to review its grantmaking activities and the effectiveness of the organizations it supports.
How does the foundation manage its expenses relative to its revenue?
The foundation's expenses have sometimes exceeded its revenue (e.g., $560,984 expenses vs. $292,447 revenue in 202212; $247,260 expenses vs. $245,561 revenue in 202312). This is typical for foundations that draw from an endowment to fund their activities, rather than relying solely on annual contributions.
What is the trend in the foundation's assets?
The foundation's assets have remained remarkably stable over the past decade, fluctuating within a narrow range, generally between $4.5 million and $4.9 million. The latest reported assets are $4,201,224, showing a slight decrease from previous years but still indicating a robust financial base.
Filing History
IRS 990 filing history for Mark And Jessie Milano Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Mark And Jessie Milano Foundation's revenue has declined by 28.6%, moving from $344K to $246K. Total assets increased by 3% over the same period, from $4.5M to $4.6M. Total functional expenses rose by 6.8%, from $232K to $247K. In its most recent filing year (2023), Mark And Jessie Milano Foundation reported a deficit of $2K, with expenses exceeding revenue. The organization holds $1 in liabilities against $4.6M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $4.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $246K | $247K | $4.6M | $1 | — | — |
| 2022 | $292K | $561K | $4.6M | $1 | — | View 990 |
| 2021 | $708K | $513K | $4.9M | $1 | — | View 990 |
| 2020 | $209K | $300K | $4.7M | $1 | — | View 990 |
| 2019 | $513K | $369K | $4.8M | $1 | — | — |
| 2015 | $395K | $335K | $4.9M | $1 | — | View 990 |
| 2014 | $374K | $315K | $4.8M | $1 | — | View 990 |
| 2013 | $501K | $296K | $4.8M | $1 | — | View 990 |
| 2012 | $341K | $288K | $4.6M | $1 | — | View 990 |
| 2011 | $344K | $232K | $4.5M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $246K, expenses of $247K, and assets of $4.6M (revenue -16.0% year-over-year).
- 2022: Revenue of $292K, expenses of $561K, and assets of $4.6M (revenue -58.7% year-over-year).
- 2021: Revenue of $708K, expenses of $513K, and assets of $4.9M (revenue +238.7% year-over-year).
- 2020: Revenue of $209K, expenses of $300K, and assets of $4.7M (revenue -59.3% year-over-year).
- 2019: Revenue of $513K, expenses of $369K, and assets of $4.8M (revenue +29.8% year-over-year).
- 2015: Revenue of $395K, expenses of $335K, and assets of $4.9M (revenue +5.8% year-over-year).
- 2014: Revenue of $374K, expenses of $315K, and assets of $4.8M (revenue -25.4% year-over-year).
- 2013: Revenue of $501K, expenses of $296K, and assets of $4.8M (revenue +46.9% year-over-year).
- 2012: Revenue of $341K, expenses of $288K, and assets of $4.6M (revenue -0.9% year-over-year).
- 2011: Revenue of $344K, expenses of $232K, and assets of $4.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mark And Jessie Milano Foundation:
Data Sources and Methodology
This transparency report for Mark And Jessie Milano Foundation 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.