Milford Council On Aging
EIN: 60863519 · Milford, CT · NTEE: L22
| Metric | Value |
|---|---|
| Total Revenue | $2.0M |
| Total Expenses | $1.9M |
| Net Assets | $1.3M |
Is Milford Council On Aging Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Milford Council On Aging
Milford Council On Aging (EIN: 60863519) is a nonprofit organization based in Milford, CT, classified under NTEE code L22. The organization reported total revenue of $2.0M and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Milford Council On Aging's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Milford Council On Aging is a mid-size nonprofit that has been operating for 20 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 0.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.0M |
| Total Expenses | $1.9M |
| Surplus / Deficit | +$76K |
| Total Assets | $1.3M |
| Total Liabilities | $41K |
| Net Assets | $1.3M |
| Operating Margin | 3.8% |
| Debt-to-Asset Ratio | 3.1% |
| Months of Reserves | 8.3 months |
Financial Health Grade: A
In 2023, Milford Council On Aging reported a surplus of $76K with revenue exceeding expenses, holds 8.3 months of operating reserves (strong position), has a debt-to-asset ratio of 3.1% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Milford Council On Aging's revenue has grown at a compound annual growth rate (CAGR) of 0.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -0.2% | +12.7% | +8.9% |
| 2022 | +6.0% | +8.1% | +18.2% |
| 2021 | -3.1% | -12.6% | +45.4% |
| 2020 | -2.4% | -8.8% | +29.1% |
| 2019 | -0.9% | +0.9% | +3.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Milford Council On Aging has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Milford Council On Aging with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $76K, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.1%.
Frequently Asked Questions about Milford Council On Aging
Is Milford Council On Aging a legitimate charity?
Milford Council On Aging (EIN: 60863519) is a registered tax-exempt nonprofit based in Connecticut. It has 12 years of IRS 990 filings on record. Total revenue: $2.0M. No red flags identified. Financial health grade: A.
How does Milford Council On Aging spend its money?
Milford Council On Aging reported $2.0M in total revenue in IRS 990 filings. 12 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Milford Council On Aging tax-deductible?
Milford Council On Aging is registered as a tax-exempt nonprofit (EIN: 60863519). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Milford Council On Aging located?
Milford Council On Aging is headquartered in Milford, Connecticut and files with the IRS under EIN 60863519. It is classified under NTEE code L22.
How many years of IRS 990 filings does Milford Council On Aging have?
Milford Council On Aging has 12 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 $2.0M in total revenue.
Filing History
IRS 990 filing history for Milford Council On Aging showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Milford Council On Aging's revenue has grown by 0.3%, moving from $2.0M to $2.0M. Total assets increased by 194.3% over the same period, from $452K to $1.3M. Total functional expenses fell by 2.2%, from $2.0M to $1.9M. In its most recent filing year (2023), Milford Council On Aging reported a surplus of $76K, with revenue exceeding expenses. The organization holds $41K in liabilities against $1.3M in assets (debt-to-asset ratio: 3.1%), resulting in net assets of $1.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.0M | $1.9M | $1.3M | $41K | — | — |
| 2022 | $2.0M | $1.7M | $1.2M | $19K | — | View 990 |
| 2021 | $1.9M | $1.6M | $1.0M | $39K | — | View 990 |
| 2020 | $1.9M | $1.8M | $711K | $32K | — | View 990 |
| 2019 | $2.0M | $2.0M | $551K | $13K | — | View 990 |
| 2018 | $2.0M | $2.0M | $531K | $8K | — | View 990 |
| 2017 | $2.0M | $2.0M | $477K | $6K | — | View 990 |
| 2016 | $2.0M | $1.9M | $439K | $3K | — | View 990 |
| 2015 | $1.9M | $1.9M | $397K | $8K | — | View 990 |
| 2014 | $1.9M | $2.0M | $325K | $8K | — | View 990 |
| 2013 | $1.9M | $2.0M | $351K | $14K | — | View 990 |
| 2012 | $2.0M | $2.0M | $452K | $8K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.0M, expenses of $1.9M, and assets of $1.3M (revenue -0.2% year-over-year).
- 2022: Revenue of $2.0M, expenses of $1.7M, and assets of $1.2M (revenue +6.0% year-over-year).
- 2021: Revenue of $1.9M, expenses of $1.6M, and assets of $1.0M (revenue -3.1% year-over-year).
- 2020: Revenue of $1.9M, expenses of $1.8M, and assets of $711K (revenue -2.4% year-over-year).
- 2019: Revenue of $2.0M, expenses of $2.0M, and assets of $551K (revenue -0.9% year-over-year).
- 2018: Revenue of $2.0M, expenses of $2.0M, and assets of $531K (revenue -0.5% year-over-year).
- 2017: Revenue of $2.0M, expenses of $2.0M, and assets of $477K (revenue +1.3% year-over-year).
- 2016: Revenue of $2.0M, expenses of $1.9M, and assets of $439K (revenue +2.3% year-over-year).
- 2015: Revenue of $1.9M, expenses of $1.9M, and assets of $397K (revenue +0.5% year-over-year).
- 2014: Revenue of $1.9M, expenses of $2.0M, and assets of $325K (revenue -0.4% year-over-year).
- 2013: Revenue of $1.9M, expenses of $2.0M, and assets of $351K (revenue -2.0% year-over-year).
- 2012: Revenue of $2.0M, expenses of $2.0M, and assets of $452K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Milford Council On Aging:
Data Sources and Methodology
This transparency report for Milford Council On Aging 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.