Milford Museum And Landmarks Commission Inc
Milford Museum: Erratic Revenue, Strong Asset Growth, and Transparency Gaps
EIN: 222453957 · Milford, DE · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $188K |
| Total Expenses | $55K |
| Program Spending | 70% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $1.1M |
| Transparency Score | 65/100 |
Is Milford Museum And Landmarks Commission Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Milford Museum And Landmarks Commission Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Milford Museum And Landmarks Commission Inc
Milford Museum And Landmarks Commission Inc (EIN: 222453957) is a nonprofit organization based in Milford, DE. The organization reported total revenue of $188K and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Milford Museum And Landmarks Commission Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Milford Museum And Landmarks Commission Inc is a small nonprofit that has been operating for 43 years, with 13 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 11.3%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $347K |
| Total Expenses | $55K |
| Surplus / Deficit | +$293K |
| Total Assets | $1.1M |
| Total Liabilities | $228 |
| Net Assets | $1.1M |
| Operating Margin | 84.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 231.3 months |
Financial Health Grade: A
In 2024, Milford Museum And Landmarks Commission Inc reported a surplus of $293K with revenue exceeding expenses, holds 231.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2024), Milford Museum And Landmarks Commission Inc's revenue has grown at a compound annual growth rate (CAGR) of 11.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -56.1% | -35.4% | +38.4% |
| 2023 | +18081.9% | +288.7% | +1232.2% |
| 2022 | -94.2% | -59.9% | -24.4% |
| 2022 | +12.2% | -15.8% | +31.8% |
| 2021 | +22.5% | +7.6% | +13.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1983 |
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 Museum And Landmarks Commission Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 70%
- fundraising: 15%
According to IRS 990 filings, Milford Museum And Landmarks Commission Inc allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $293K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as $0 across all available filings, suggesting a volunteer-led organization or compensation below IRS reporting thresholds, which is positive for donor funds but lacks detail on leadership structure.
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 Milford Museum And Landmarks Commission Inc's IRS 990 filings:
- Highly volatile revenue figures across years ($4,355 in 2022 vs. $791,822 in 2023) raise questions about funding stability and reporting consistency.
- Lack of detailed breakdown for 'expenses' beyond total 'x' makes it hard to discern administrative vs. program costs.
- The 'c0%' for compensation across all years is unusual and could indicate a lack of transparency if compensation is indeed being paid but not reported.
Strengths
The following positive indicators were identified for Milford Museum And Landmarks Commission Inc:
- Significant asset growth from $57,205 in 2022 to $1,054,798 in 2024 demonstrates strong financial management in building reserves.
- Low liabilities (e.g., $228 in 2024) indicate a healthy balance sheet and minimal debt burden.
- Consistent reporting of $0 compensation suggests a high dedication of resources directly to the mission, assuming leadership is genuinely unpaid.
Frequently Asked Questions about Milford Museum And Landmarks Commission Inc
Is Milford Museum And Landmarks Commission Inc a legitimate charity?
Milford Museum And Landmarks Commission Inc (EIN: 222453957) is a registered tax-exempt nonprofit based in Delaware. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $188K. 3 red flags identified. 3 strengths noted. Financial health grade: A.
How does Milford Museum And Landmarks Commission Inc spend its money?
Milford Museum And Landmarks Commission Inc directs 70% of its spending to programs and services. Fundraising costs 15%. This meets the 65% industry benchmark.
Are donations to Milford Museum And Landmarks Commission Inc tax-deductible?
Milford Museum And Landmarks Commission Inc is registered as a tax-exempt nonprofit (EIN: 222453957). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Milford Museum And Landmarks Commission Inc CEO make?
Milford Museum And Landmarks Commission Inc's highest-compensated officer earns $0 annually. The organization reported $188K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Milford Museum And Landmarks Commission Inc's spending goes to programs?
Milford Museum And Landmarks Commission Inc directs 70% to programs, 15% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Milford Museum And Landmarks Commission Inc located?
Milford Museum And Landmarks Commission Inc is headquartered in Milford, Delaware and files with the IRS under EIN 222453957.
How many years of IRS 990 filings does Milford Museum And Landmarks Commission Inc have?
Milford Museum And Landmarks Commission Inc has 13 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 $188K in total revenue.
What does Milford Museum And Landmarks Commission Inc do?
Milford Museum And Landmarks Commission Inc is a nonprofit organization in the Unknown sector, located in Milford, Delaware. It is classified under NTEE code Unknown.
How much revenue does Milford Museum And Landmarks Commission Inc have?
Milford Museum And Landmarks Commission Inc reported total revenue of $187,585. Based on 13 IRS 990 filings on record.
What are Milford Museum And Landmarks Commission Inc's total assets?
Milford Museum And Landmarks Commission Inc holds total assets of $1,179,231 as reported in IRS 990 filings.
Where is Milford Museum And Landmarks Commission Inc located?
Milford Museum And Landmarks Commission Inc is based in Milford, Delaware.
What is Milford Museum And Landmarks Commission Inc's EIN?
Milford Museum And Landmarks Commission Inc's Employer Identification Number (EIN) is 222453957. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Milford Museum And Landmarks Commission Inc?
Milford Museum And Landmarks Commission Inc is classified under NTEE code Unknown (Unknown).
Is Milford Museum And Landmarks Commission Inc a registered 501(c)(3)?
Milford Museum And Landmarks Commission Inc appears in IRS records (EIN: 222453957). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Milford Museum And Landmarks Commission Inc file IRS Form 990?
Yes, Milford Museum And Landmarks Commission Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202406.
What was Milford Museum And Landmarks Commission Inc's revenue in 2024?
In the 202406 filing period, Milford Museum And Landmarks Commission Inc reported total revenue of $347,384, total expenses of $54,715, and net assets of $1,054,798.
Is Milford Museum And Landmarks Commission Inc's revenue growing or declining?
Milford Museum And Landmarks Commission Inc's revenue is declining. Revenue went from $791,822 (202306) to $347,384 (202406), a -56.1% change. Based on 13 filings on record.
What is Milford Museum And Landmarks Commission Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Milford Museum And Landmarks Commission Inc covers tax period 202406. It shows revenue of $347,384, expenses of $54,715, total assets of $1,054,798, and liabilities of $228.
How much does Milford Museum And Landmarks Commission Inc spend on programs vs administration?
Based on IRS 990 analysis, Milford Museum And Landmarks Commission Inc allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Milford Museum And Landmarks Commission Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Milford Museum And Landmarks Commission Inc shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Milford Museum And Landmarks Commission Inc?
The following concerns were identified: Highly volatile revenue figures across years ($4,355 in 2022 vs. $791,822 in 2023) raise questions about funding stability and reporting consistency.. Lack of detailed breakdown for 'expenses' beyond total 'x' makes it hard to discern administrative vs. program costs.. The 'c0%' for compensation across all years is unusual and could indicate a lack of transparency if compensation is indeed being paid but not reported.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Milford Museum And Landmarks Commission Inc's strengths?
Positive indicators for Milford Museum And Landmarks Commission Inc include: Significant asset growth from $57,205 in 2022 to $1,054,798 in 2024 demonstrates strong financial management in building reserves.. Low liabilities (e.g., $228 in 2024) indicate a healthy balance sheet and minimal debt burden.. Consistent reporting of $0 compensation suggests a high dedication of resources directly to the mission, assuming leadership is genuinely unpaid.. These findings are derived from AI analysis of the organization's financial filings.
How does Milford Museum And Landmarks Commission Inc compensate executives?
Executive compensation is consistently reported as $0 across all available filings, suggesting a volunteer-led organization or compensation below IRS reporting thresholds, which is positive for donor funds but lacks detail on leadership structure. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the dramatic fluctuations in reported revenue, what specific events or grants contributed to the $791,822 revenue in 2023 and the subsequent decrease in 2024?
Without access to the full Form 990, it's impossible to pinpoint the exact sources. This could be due to a large one-time grant, a capital campaign, or a significant asset sale, which would not be sustainable recurring revenue.
How does the organization manage its operations and leadership with consistently reported $0 executive compensation?
This strongly suggests a volunteer-driven model for key leadership roles. While commendable for resource allocation, it raises questions about long-term sustainability, succession planning, and the professional capacity of the organization without paid executive staff.
Filing History
IRS 990 filing history for Milford Museum And Landmarks Commission Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2024), Milford Museum And Landmarks Commission Inc's revenue has grown by 301.6%, moving from $86K to $347K. Total assets increased by 1409.5% over the same period, from $70K to $1.1M. Total functional expenses fell by 11.7%, from $62K to $55K. In its most recent filing year (2024), Milford Museum And Landmarks Commission Inc reported a surplus of $293K, with revenue exceeding expenses. The organization holds $228 in liabilities against $1.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $347K | $55K | $1.1M | $228 | — | — |
| 2023 | $792K | $85K | $762K | $628 | — | View 990 |
| 2022 | $4K | $22K | $57K | $2K | — | View 990 |
| 2022 | $74K | $54K | $76K | $855 | — | View 990 |
| 2021 | $66K | $65K | $57K | $244 | — | — |
| 2020 | $54K | $60K | $51K | $0 | — | View 990 |
| 2017 | $52K | $63K | $73K | $836 | — | View 990 |
| 2016 | $60K | $59K | $84K | $962 | — | View 990 |
| 2015 | $47K | $51K | $83K | $822 | — | View 990 |
| 2014 | $73K | $52K | $87K | $816 | — | View 990 |
| 2013 | $55K | $57K | $66K | $1K | — | View 990 |
| 2012 | $47K | $49K | $68K | $918 | — | View 990 |
| 2011 | $86K | $62K | $70K | $572 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $347K, expenses of $55K, and assets of $1.1M (revenue -56.1% year-over-year).
- 2023: Revenue of $792K, expenses of $85K, and assets of $762K (revenue +18081.9% year-over-year).
- 2022: Revenue of $4K, expenses of $22K, and assets of $57K (revenue -94.2% year-over-year).
- 2022: Revenue of $74K, expenses of $54K, and assets of $76K (revenue +12.2% year-over-year).
- 2021: Revenue of $66K, expenses of $65K, and assets of $57K (revenue +22.5% year-over-year).
- 2020: Revenue of $54K, expenses of $60K, and assets of $51K (revenue +4.6% year-over-year).
- 2017: Revenue of $52K, expenses of $63K, and assets of $73K (revenue -14.2% year-over-year).
- 2016: Revenue of $60K, expenses of $59K, and assets of $84K (revenue +27.7% year-over-year).
- 2015: Revenue of $47K, expenses of $51K, and assets of $83K (revenue -35.2% year-over-year).
- 2014: Revenue of $73K, expenses of $52K, and assets of $87K (revenue +33.0% year-over-year).
- 2013: Revenue of $55K, expenses of $57K, and assets of $66K (revenue +17.1% year-over-year).
- 2012: Revenue of $47K, expenses of $49K, and assets of $68K (revenue -45.9% year-over-year).
- 2011: Revenue of $86K, expenses of $62K, and assets of $70K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Milford Museum And Landmarks Commission Inc:
Data Sources and Methodology
This transparency report for Milford Museum And Landmarks Commission 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.