Milbridge Residence

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Milbridge Residence Form 990, Revenue, CEO Pay, and IRS Filing Signals

Milbridge Residence is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Milbridge Residence in one place.

Is Milbridge Residence Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

IRS 990 Data Cockpit

Where the Money Comes From and Where It Goes

Across stored filings, Milbridge Residence shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Milbridge Residence directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Milbridge Residence

Milbridge Residence (EIN: 10507931) is a nonprofit organization based in Machias, ME, classified under NTEE code P80I. The organization reported total revenue of $112K and total assets of $431K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Milbridge Residence's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Milbridge Residence is a small nonprofit that has been operating for 30 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 2.7%.

Key Financial Metrics (2024)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2024, Milbridge Residence reported a surplus of $8K with revenue exceeding expenses, holds 47.9 months of operating reserves (strong position), has a debt-to-asset ratio of 3.4% (very low leverage).

Financial Trends

Over 13 years of filings (2012–2024), Milbridge Residence's revenue has grown at a compound annual growth rate (CAGR) of 2.7%.

IRS Tax-Exempt Classification

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 Milbridge Residence 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: 8%
• programs: 90%
• fundraising: 2%

According to IRS 990 filings, Milbridge Residence allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Key Financial Metrics (2024)

From the most recent IRS 990 filing on record:

• The organization reported a surplus of $8K, with revenue exceeding expenses.
• Debt-to-asset ratio: 3.4%.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that officers are either uncompensated or compensated through non-officer categories, which is highly favorable for an organization of its size ($100k+ revenue).

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 Milbridge Residence's IRS 990 filings:

• N/A - No significant red flags identified based on provided data.

Strengths

The following positive indicators were identified for Milbridge Residence:

• 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.

Frequently Asked Questions about Milbridge Residence

Filing History

IRS 990 filing history for Milbridge Residence showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2012–2024), Milbridge Residence's revenue has grown by 37.8%, moving from $80K to $110K. Total assets increased by 23.2% over the same period, from $330K to $407K. Total functional expenses rose by 23%, from $83K to $102K. In its most recent filing year (2024), Milbridge Residence reported a surplus of $8K, with revenue exceeding expenses. The organization holds $14K in liabilities against $407K in assets (debt-to-asset ratio: 3.4%), resulting in net assets of $393K.

Year-by-Year Financial Summary

• 2024: Revenue of $110K, expenses of $102K, and assets of $407K (revenue -2.4% year-over-year).
• 2023: Revenue of $113K, expenses of $96K, and assets of $393K (revenue +1.7% year-over-year).
• 2022: Revenue of $111K, expenses of $94K, and assets of $376K (revenue -2.0% year-over-year).
• 2021: Revenue of $113K, expenses of $109K, and assets of $371K (revenue +4.9% year-over-year).
• 2020: Revenue of $108K, expenses of $99K, and assets of $360K (revenue -4.5% year-over-year).
• 2019: Revenue of $113K, expenses of $120K, and assets of $343K (revenue +6.2% year-over-year).
• 2018: Revenue of $106K, expenses of $97K, and assets of $353K (revenue -0.7% year-over-year).
• 2017: Revenue of $107K, expenses of $103K, and assets of $341K (revenue +2.2% year-over-year).
• 2016: Revenue of $105K, expenses of $97K, and assets of $337K (revenue +12.3% year-over-year).
• 2015: Revenue of $93K, expenses of $96K, and assets of $328K (revenue +0.5% year-over-year).
• 2014: Revenue of $93K, expenses of $95K, and assets of $331K (revenue +4.9% year-over-year).
• 2013: Revenue of $88K, expenses of $86K, and assets of $333K (revenue +10.7% year-over-year).
• 2012: Revenue of $80K, expenses of $83K, and assets of $330K.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Milbridge Residence:

Data Sources and Methodology

This transparency report for Milbridge Residence 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.