Milford Education Foundation Inc
EIN: 463577672 · Milford, CT · NTEE: B90
| Metric | Value |
|---|---|
| Total Revenue | $50K |
| Total Expenses | $8K |
| Net Assets | $40K |
Is Milford Education Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Milford Education Foundation Inc
Milford Education Foundation Inc (EIN: 463577672) is a nonprofit organization based in Milford, CT, classified under NTEE code B90. The organization reported total revenue of $50K and total assets of $60K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Milford Education Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Milford Education Foundation Inc is a micro nonprofit that has been operating for 12 years, with 2 years of IRS 990 filings on record (2023–2024). Revenue has grown at a compound annual rate of -64.4%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $5K |
| Total Expenses | $8K |
| Surplus / Deficit | $-2,974 |
| Total Assets | $40K |
| Net Assets | $40K |
| Operating Margin | -58.9% |
| Months of Reserves | 60.2 months |
Financial Health Grade: B
In 2024, Milford Education Foundation Inc reported a deficit of $3K with expenses exceeding revenue, holds 60.2 months of operating reserves (strong position).
Financial Trends
Over 2 years of filings (2023–2024), Milford Education Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -64.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -64.4% | +72.2% | -6.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Milford Education Foundation Inc 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 Education Foundation Inc 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $3K, with expenses exceeding revenue.
Frequently Asked Questions about Milford Education Foundation Inc
Is Milford Education Foundation Inc a legitimate charity?
Milford Education Foundation Inc (EIN: 463577672) is a registered tax-exempt nonprofit based in Connecticut. It has 2 years of IRS 990 filings on record. Total revenue: $50K. No red flags identified. Financial health grade: B.
How does Milford Education Foundation Inc spend its money?
Milford Education Foundation Inc reported $50K in total revenue in IRS 990 filings. 2 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Milford Education Foundation Inc tax-deductible?
Milford Education Foundation Inc is registered as a tax-exempt nonprofit (EIN: 463577672). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Milford Education Foundation Inc located?
Milford Education Foundation Inc is headquartered in Milford, Connecticut and files with the IRS under EIN 463577672. It is classified under NTEE code B90.
How many years of IRS 990 filings does Milford Education Foundation Inc have?
Milford Education Foundation Inc has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $50K in total revenue.
Filing History
IRS 990 filing history for Milford Education Foundation Inc showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2023–2024), Milford Education Foundation Inc's revenue has declined by 64.4%, moving from $14K to $5K. Total assets decreased by 6.9% over the same period, from $43K to $40K. Total functional expenses rose by 72.2%, from $5K to $8K. In its most recent filing year (2024), Milford Education Foundation Inc reported a deficit of $3K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $5K | $8K | $40K | $0 | — | — |
| 2023 | $14K | $5K | $43K | $0 | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Milford Education Foundation Inc:
Data Sources and Methodology
This transparency report for Milford Education Foundation 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.