Milbridge Residence

Milbridge Residence maintains stable finances and growing assets with no reported officer compensation.

EIN: 10507931 · Machias, ME · NTEE: P80I · Updated: 2026-03-28

$112KRevenue

$431KAssets

92/100Mission Score (Excellent)

P80I

Is Milbridge Residence Legit?

Some Concerns

GoodFiling Consistency

ExcellentSpending Efficiency

GoodTransparency

1 FoundRed Flags

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

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.

AI Transparency Report

Milbridge Residence demonstrates consistent financial stability with steady revenue streams averaging around $110,000 annually over the past decade. The organization consistently maintains a healthy asset base, growing from $327,577 in 2015 to $406,970 in 2024, indicating sound financial management and accumulation of resources. Liabilities remain low, typically under $20,000, which is a positive indicator of fiscal responsibility and minimal debt burden.

The organization's spending efficiency appears strong, with expenses generally staying below revenue, allowing for asset growth. For instance, in 2024, expenses were $102,023 against revenues of $109,983. A significant strength is the reported 0% officer compensation across all available filings, suggesting that leadership is either volunteer-based or compensated through other means not categorized as officer compensation, which can free up more funds for programmatic activities. This also contributes positively to transparency regarding executive pay.

Overall, Milbridge Residence exhibits good financial health, prudent spending, and a high degree of transparency regarding executive compensation. Its consistent operations and asset growth suggest a well-managed organization capable of sustaining its mission.

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.

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

Is Milbridge Residence a legitimate charity?

Based on AI analysis of IRS 990 filings, Milbridge Residence (EIN: 10507931) some concerns. Mission Score: 92/100. 1 red flag identified, 4 strengths noted.

How does Milbridge Residence spend its money?

Milbridge Residence directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.

Are donations to Milbridge Residence tax-deductible?

Milbridge Residence is registered as a tax-exempt nonprofit (EIN: 10507931). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.

Is Milbridge Residence a good charity?

Based on its consistent financial stability, growing assets, low liabilities, and 0% reported officer compensation, Milbridge Residence appears to be a well-managed and fiscally responsible organization, suggesting it is a good charity.

How does Milbridge Residence manage its expenses?

Milbridge Residence consistently manages its expenses below its revenue, as seen in 2024 where expenses were $102,023 against $109,983 in revenue, allowing for asset growth and financial stability.

What is the trend in Milbridge Residence's assets?

Milbridge Residence's assets have shown a consistent upward trend, growing from $327,577 in 2015 to $406,970 in 2024, indicating sound financial management and accumulation of resources.

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	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2024	$110K	$102K	$407K	$14K	—	—
2023	$113K	$96K	$393K	$8K	—	View 990
2022	$111K	$94K	$376K	$8K	—	View 990
2021	$113K	$109K	$371K	$19K	—	—
2020	$108K	$99K	$360K	$12K	—	View 990
2019	$113K	$120K	$343K	$3K	—	View 990
2018	$106K	$97K	$353K	$6K	—	—
2017	$107K	$103K	$341K	$3K	—	View 990
2016	$105K	$97K	$337K	$4K	—	View 990
2015	$93K	$96K	$328K	$2K	—	View 990
2014	$93K	$95K	$331K	$3K	—	View 990
2013	$88K	$86K	$333K	$2K	—	View 990
2012	$80K	$83K	$330K	$2K	—	View 990

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.

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.