Milford Home For Aged Women
Milford Home For Aged Women maintains stable finances with consistent asset growth and no reported executive compensation.
EIN: 20223604 · Milford, NH · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $676K |
| Total Expenses | $621K |
| Program Spending | 85% |
| Net Assets | $1.9M |
| Transparency Score | 88/100 |
Is Milford Home For Aged Women Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Milford Home For Aged Women directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Milford Home For Aged Women
Milford Home For Aged Women (EIN: 20223604) is a nonprofit organization based in Milford, NH. The organization reported total revenue of $676K and total assets of $2.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Milford Home For Aged Women's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Milford Home For Aged Women is a small nonprofit that has been operating for 50 years, with 10 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 4.3%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $635K |
| Total Expenses | $621K |
| Surplus / Deficit | +$14K |
| Total Assets | $2.0M |
| Total Liabilities | $18K |
| Net Assets | $1.9M |
| Operating Margin | 2.2% |
| Debt-to-Asset Ratio | 0.9% |
| Months of Reserves | 37.9 months |
Financial Health Grade: A
In 2024, Milford Home For Aged Women reported a surplus of $14K with revenue exceeding expenses, holds 37.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.9% (very low leverage).
Financial Trends
Over 10 years of filings (2012–2024), Milford Home For Aged Women's revenue has grown at a compound annual growth rate (CAGR) of 4.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +14.4% | +5.4% | +12.7% |
| 2023 | -2.4% | +2.5% | -8.5% |
| 2022 | -13.9% | -0.3% | +6.6% |
| 2021 | +63.3% | +8.6% | +39.0% |
| 2020 | +0.1% | +17.5% | +9.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1976 |
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 Milford Home For Aged Women with a Mission Score of 88 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: 85%
- fundraising: 5%
According to IRS 990 filings, Milford Home For Aged Women allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $14K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.9%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating either a fully volunteer-led executive team or compensation levels below IRS reporting thresholds, which is a positive sign for resource allocation.
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.
Strengths
The following positive indicators were identified for Milford Home For Aged Women:
- Consistent asset growth, from $1,132,524 in 2012 to $1,959,092 in 2024, indicating strong financial health.
- Zero reported officer compensation across all filings, suggesting efficient use of funds for programs.
- Low liabilities relative to assets, demonstrating a strong balance sheet and minimal financial risk.
- Consistent filing of IRS Form 990s over 10 periods, indicating good transparency and compliance.
- Generally balanced revenue and expenses, with the latest period (2024) showing revenue exceeding expenses ($634,671 vs. $620,560).
Frequently Asked Questions about Milford Home For Aged Women
Is Milford Home For Aged Women a legitimate charity?
Milford Home For Aged Women (EIN: 20223604) is a registered tax-exempt nonprofit based in New Hampshire. Our AI analysis gives it a Mission Score of 88/100. It has 10 years of IRS 990 filings on record. Total revenue: $676K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Milford Home For Aged Women spend its money?
Milford Home For Aged Women directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Milford Home For Aged Women tax-deductible?
Milford Home For Aged Women is registered as a tax-exempt nonprofit (EIN: 20223604). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Milford Home For Aged Women's spending goes to programs?
Milford Home For Aged Women directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Milford Home For Aged Women located?
Milford Home For Aged Women is headquartered in Milford, New Hampshire and files with the IRS under EIN 20223604.
How many years of IRS 990 filings does Milford Home For Aged Women have?
Milford Home For Aged Women has 10 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 $676K in total revenue.
Is Milford Home For Aged Women financially stable?
Yes, the organization demonstrates strong financial stability with assets growing from $1,132,524 in 2012 to $1,959,092 in 2024, and liabilities consistently low relative to assets.
How does executive compensation compare to similar organizations?
Milford Home For Aged Women reports 0% officer compensation, which is exceptionally low compared to many organizations and suggests a high dedication of resources to its mission.
What is the trend in the organization's revenue and expenses?
Revenue and expenses have generally increased over the decade, with revenue reaching $634,671 and expenses $620,560 in the latest 2024 filing, indicating a growing operational scale while maintaining a balanced budget.
Does the organization have significant debt?
No, the organization's liabilities are consistently low, for example, $17,889 in 2024, which is a small fraction of its $1,959,092 in assets, indicating minimal debt.
Filing History
IRS 990 filing history for Milford Home For Aged Women showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2024), Milford Home For Aged Women's revenue has grown by 64.9%, moving from $385K to $635K. Total assets increased by 73% over the same period, from $1.1M to $2.0M. Total functional expenses rose by 58.5%, from $392K to $621K. In its most recent filing year (2024), Milford Home For Aged Women reported a surplus of $14K, with revenue exceeding expenses. The organization holds $18K in liabilities against $2.0M in assets (debt-to-asset ratio: 0.9%), resulting in net assets of $1.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $635K | $621K | $2.0M | $18K | — | — |
| 2023 | $555K | $589K | $1.7M | $37K | — | View 990 |
| 2022 | $569K | $574K | $1.9M | $61K | — | View 990 |
| 2021 | $660K | $576K | $1.8M | $16K | — | View 990 |
| 2020 | $404K | $530K | $1.3M | $15K | — | View 990 |
| 2016 | $404K | $451K | $1.2M | $10K | — | View 990 |
| 2015 | $463K | $473K | $1.2M | $11K | — | View 990 |
| 2014 | $511K | $460K | $1.2M | $11K | — | View 990 |
| 2013 | $465K | $422K | $1.2M | $19K | — | View 990 |
| 2012 | $385K | $392K | $1.1M | $12K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $635K, expenses of $621K, and assets of $2.0M (revenue +14.4% year-over-year).
- 2023: Revenue of $555K, expenses of $589K, and assets of $1.7M (revenue -2.4% year-over-year).
- 2022: Revenue of $569K, expenses of $574K, and assets of $1.9M (revenue -13.9% year-over-year).
- 2021: Revenue of $660K, expenses of $576K, and assets of $1.8M (revenue +63.3% year-over-year).
- 2020: Revenue of $404K, expenses of $530K, and assets of $1.3M (revenue +0.1% year-over-year).
- 2016: Revenue of $404K, expenses of $451K, and assets of $1.2M (revenue -12.8% year-over-year).
- 2015: Revenue of $463K, expenses of $473K, and assets of $1.2M (revenue -9.4% year-over-year).
- 2014: Revenue of $511K, expenses of $460K, and assets of $1.2M (revenue +9.7% year-over-year).
- 2013: Revenue of $465K, expenses of $422K, and assets of $1.2M (revenue +20.9% year-over-year).
- 2012: Revenue of $385K, expenses of $392K, and assets of $1.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Milford Home For Aged Women:
Data Sources and Methodology
This transparency report for Milford Home For Aged Women 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.