Milbank Foundation For Rehabilitation Inc
Milbank Foundation maintains substantial assets while consistently reporting no officer compensation.
EIN: 115125050 · Milwaukee, WI · NTEE: J300 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.8M |
| Total Expenses | $1.7M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $25 |
| Net Assets | $24.6M |
| Transparency Score | 85/100 |
Is Milbank Foundation For Rehabilitation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Milbank Foundation For Rehabilitation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Milbank Foundation For Rehabilitation Inc
Milbank Foundation For Rehabilitation Inc (EIN: 115125050) is a nonprofit organization based in Milwaukee, WI, classified under NTEE code J300. The organization reported total revenue of $4.8M and total assets of $24.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Milbank Foundation For Rehabilitation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Milbank Foundation For Rehabilitation Inc is a mid-size nonprofit that has been operating for 31 years, with 7 years of IRS 990 filings on record (2011–2020). Revenue has grown at a compound annual rate of 2.3%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.3M |
| Total Expenses | $1.7M |
| Surplus / Deficit | $-330,502 |
| Total Assets | $24.9M |
| Total Liabilities | $314K |
| Net Assets | $24.6M |
| Operating Margin | -24.9% |
| Debt-to-Asset Ratio | 1.3% |
| Months of Reserves | 180.5 months |
Financial Health Grade: B
In 2020, Milbank Foundation For Rehabilitation Inc reported a deficit of $331K with expenses exceeding revenue, holds 180.5 months of operating reserves (strong position), has a debt-to-asset ratio of 1.3% (very low leverage).
Financial Trends
Over 7 years of filings (2011–2020), Milbank Foundation For Rehabilitation Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | -5.4% | +1.5% | +1.6% |
| 2019 | -48.6% | -51.0% | +1.8% |
| 2015 | +9.2% | -12.4% | -14.8% |
| 2014 | +6.4% | +56.1% | -7.2% |
| 2013 | +73.6% | -5.7% | +10.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1995 |
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 Milbank Foundation For Rehabilitation Inc 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, Milbank Foundation For Rehabilitation 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 (2020)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $331K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.3%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is highly favorable and suggests excellent financial stewardship regarding executive pay relative to the organization's size and asset base of nearly $25 million.
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 Milbank Foundation For Rehabilitation Inc's IRS 990 filings:
- Expenses frequently exceed revenue, indicating reliance on asset drawdowns (e.g., 2020: Expenses $1,655,751 vs. Revenue $1,325,249).
Strengths
The following positive indicators were identified for Milbank Foundation For Rehabilitation Inc:
- Strong and stable asset base, most recently $24,905,067 in 2020.
- Zero reported officer compensation across all filings, indicating high efficiency in executive pay.
- Consistent filing history demonstrating transparency over time.
Frequently Asked Questions about Milbank Foundation For Rehabilitation Inc
Is Milbank Foundation For Rehabilitation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Milbank Foundation For Rehabilitation Inc (EIN: 115125050) some concerns. Mission Score: 85/100. 1 red flag identified, 3 strengths noted.
How does Milbank Foundation For Rehabilitation Inc spend its money?
Milbank Foundation For Rehabilitation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Milbank Foundation For Rehabilitation Inc tax-deductible?
Milbank Foundation For Rehabilitation Inc is registered as a tax-exempt nonprofit (EIN: 115125050). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Milbank Foundation For Rehabilitation Inc CEO make?
Milbank Foundation For Rehabilitation Inc's highest-compensated officer earns $25 annually. The organization reported $4.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Milbank Foundation For Rehabilitation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Milbank Foundation For Rehabilitation Inc is above average for NTEE category J300 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Milbank Foundation For Rehabilitation Inc located?
Milbank Foundation For Rehabilitation Inc is headquartered in Milwaukee, Wisconsin and files with the IRS under EIN 115125050. It is classified under NTEE code J300.
How many years of IRS 990 filings does Milbank Foundation For Rehabilitation Inc have?
Milbank Foundation For Rehabilitation Inc has 7 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 $4.8M in total revenue.
How does Milbank Foundation For Rehabilitation Inc. sustain operations when expenses frequently exceed revenue?
The foundation likely sustains operations by drawing from its substantial asset base, which was $24,905,067 in 2020. This is a common practice for foundations that utilize their endowment to fund grantmaking activities.
What is the primary use of the foundation's funds?
As an organization with NTEE code J300 (Foundations, Grantmaking & Giving Services), the primary use of funds is typically for grantmaking to support rehabilitation-related initiatives, rather than direct program delivery.
Does the Milbank Foundation For Rehabilitation Inc. have high administrative costs?
Based on the provided data, specific administrative cost percentages are not available. However, the absence of officer compensation suggests a lean operational structure in terms of executive salaries, which is a positive indicator for administrative efficiency.
Filing History
IRS 990 filing history for Milbank Foundation For Rehabilitation Inc showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2011–2020), Milbank Foundation For Rehabilitation Inc's revenue has grown by 23.2%, moving from $1.1M to $1.3M. Total assets decreased by 6.3% over the same period, from $26.6M to $24.9M. Total functional expenses rose by 15.7%, from $1.4M to $1.7M. In its most recent filing year (2020), Milbank Foundation For Rehabilitation Inc reported a deficit of $331K, with expenses exceeding revenue. The organization holds $314K in liabilities against $24.9M in assets (debt-to-asset ratio: 1.3%), resulting in net assets of $24.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $1.3M | $1.7M | $24.9M | $314K | — | — |
| 2019 | $1.4M | $1.6M | $24.5M | $640K | — | View 990 |
| 2015 | $2.7M | $3.3M | $24.1M | $1.3M | — | View 990 |
| 2014 | $2.5M | $3.8M | $28.2M | $1.9M | — | View 990 |
| 2013 | $2.3M | $2.4M | $30.4M | $1.7M | — | View 990 |
| 2012 | $1.4M | $2.6M | $27.5M | $1.6M | — | View 990 |
| 2011 | $1.1M | $1.4M | $26.6M | $833K | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $1.3M, expenses of $1.7M, and assets of $24.9M (revenue -5.4% year-over-year).
- 2019: Revenue of $1.4M, expenses of $1.6M, and assets of $24.5M (revenue -48.6% year-over-year).
- 2015: Revenue of $2.7M, expenses of $3.3M, and assets of $24.1M (revenue +9.2% year-over-year).
- 2014: Revenue of $2.5M, expenses of $3.8M, and assets of $28.2M (revenue +6.4% year-over-year).
- 2013: Revenue of $2.3M, expenses of $2.4M, and assets of $30.4M (revenue +73.6% year-over-year).
- 2012: Revenue of $1.4M, expenses of $2.6M, and assets of $27.5M (revenue +25.7% year-over-year).
- 2011: Revenue of $1.1M, expenses of $1.4M, and assets of $26.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Milbank Foundation For Rehabilitation Inc:
Data Sources and Methodology
This transparency report for Milbank Foundation For Rehabilitation 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.