Mill Creek Foundation
Mill Creek Foundation: Consistent Small-Scale Operations with Minimal Revenue
EIN: 222848433 · Hockessin, DE · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $10K |
| Total Expenses | $3K |
| Program Spending | 70% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $355K |
| Transparency Score | 45/100 |
Is Mill Creek Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mill Creek Foundation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Mill Creek Foundation
Mill Creek Foundation (EIN: 222848433) is a nonprofit organization based in Hockessin, DE. The organization reported total revenue of $10K and total assets of $359K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mill Creek Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mill Creek Foundation is a micro nonprofit that has been operating for 38 years, with 8 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of -5.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2K |
| Total Expenses | $3K |
| Surplus / Deficit | $-1,058 |
| Total Assets | $355K |
| Total Liabilities | $1 |
| Net Assets | $355K |
| Operating Margin | -67.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 1628.2 months |
Financial Health Grade: B
In 2023, Mill Creek Foundation reported a deficit of $1K with expenses exceeding revenue, holds 1628.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 8 years of filings (2013–2023), Mill Creek Foundation's revenue has declined at a compound annual growth rate (CAGR) of -5.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -40.0% | -4.8% | -0.3% |
| 2022 | +15.6% | -28.7% | +-0.0% |
| 2021 | +34.6% | -77.0% | -0.4% |
| 2020 | -12.0% | +590.9% | -4.1% |
| 2019 | +26.7% | -11.5% | +3.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1988 |
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 Mill Creek Foundation with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Mill Creek Foundation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as $0 across all available filings, indicating a fully volunteer-run organization.
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 Mill Creek Foundation's IRS 990 filings:
- Revenue has been consistently low, ranging from $1,500 to $2,695 annually, which may limit program impact.
- The organization's net assets have remained relatively stable around $350,000-$370,000, but with minimal growth.
- Lack of detailed program information makes it difficult to assess the effectiveness of spending.
Strengths
The following positive indicators were identified for Mill Creek Foundation:
- Consistent financial reporting over many years demonstrates transparency and stability.
- Zero executive compensation ensures that all revenue, however small, is directed towards the organization's mission.
- Stable asset base suggests prudent financial management despite low revenue.
Frequently Asked Questions about Mill Creek Foundation
Is Mill Creek Foundation a legitimate charity?
Mill Creek Foundation (EIN: 222848433) is a registered tax-exempt nonprofit based in Delaware. Our AI analysis gives it a Mission Score of 45/100. It has 8 years of IRS 990 filings on record. Total revenue: $10K. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Mill Creek Foundation spend its money?
Mill Creek Foundation directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Mill Creek Foundation tax-deductible?
Mill Creek Foundation is registered as a tax-exempt nonprofit (EIN: 222848433). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Mill Creek Foundation CEO make?
Mill Creek Foundation's highest-compensated officer earns $0 annually. The organization reported $10K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Mill Creek Foundation's spending goes to programs?
Mill Creek Foundation directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Mill Creek Foundation located?
Mill Creek Foundation is headquartered in Hockessin, Delaware and files with the IRS under EIN 222848433.
How many years of IRS 990 filings does Mill Creek Foundation have?
Mill Creek Foundation has 8 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 $10K in total revenue.
What does Mill Creek Foundation do?
Mill Creek Foundation is a nonprofit organization in the Unknown sector, located in Hockessin, Delaware. It is classified under NTEE code Unknown.
How much revenue does Mill Creek Foundation have?
Mill Creek Foundation reported total revenue of $10,250. Based on 8 IRS 990 filings on record.
What are Mill Creek Foundation's total assets?
Mill Creek Foundation holds total assets of $358,524 as reported in IRS 990 filings.
Where is Mill Creek Foundation located?
Mill Creek Foundation is based in Hockessin, Delaware.
What is Mill Creek Foundation's EIN?
Mill Creek Foundation's Employer Identification Number (EIN) is 222848433. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Mill Creek Foundation?
Mill Creek Foundation is classified under NTEE code Unknown (Unknown).
Is Mill Creek Foundation a registered 501(c)(3)?
Mill Creek Foundation appears in IRS records (EIN: 222848433). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Mill Creek Foundation file IRS Form 990?
Yes, Mill Creek Foundation has 8 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Mill Creek Foundation's revenue in 2023?
In the 202312 filing period, Mill Creek Foundation reported total revenue of $1,560, total expenses of $2,618, and net assets of $355,223.
Is Mill Creek Foundation's revenue growing or declining?
Mill Creek Foundation's revenue is declining. Revenue went from $2,600 (202212) to $1,560 (202312), a -40.0% change. Based on 8 filings on record.
What is Mill Creek Foundation's most recent 990 filing?
The most recent IRS Form 990 filing for Mill Creek Foundation covers tax period 202312. It shows revenue of $1,560, expenses of $2,618, total assets of $355,223, and liabilities of $1.
How much does Mill Creek Foundation spend on programs vs administration?
Based on IRS 990 analysis, Mill Creek Foundation allocates approximately 70% of expenses to program services, 20% to administrative costs, and 10% to fundraising. Program spending is moderate relative to overhead.
Is Mill Creek Foundation a trustworthy charity?
Based on AI analysis of IRS 990 data, Mill Creek Foundation shows mixed signals. Mission Score: 45/100 (Fair). 3 red flags identified. 3 strengths noted.
What are the red flags for Mill Creek Foundation?
The following concerns were identified: Revenue has been consistently low, ranging from $1,500 to $2,695 annually, which may limit program impact.. The organization's net assets have remained relatively stable around $350,000-$370,000, but with minimal growth.. Lack of detailed program information makes it difficult to assess the effectiveness of spending.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Mill Creek Foundation's strengths?
Positive indicators for Mill Creek Foundation include: Consistent financial reporting over many years demonstrates transparency and stability.. Zero executive compensation ensures that all revenue, however small, is directed towards the organization's mission.. Stable asset base suggests prudent financial management despite low revenue.. These findings are derived from AI analysis of the organization's financial filings.
How does Mill Creek Foundation compensate executives?
Executive compensation is consistently reported as $0 across all available filings, indicating a fully volunteer-run organization. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent low revenue and stable asset base, what is the primary purpose or activity of the Mill Creek Foundation?
The data suggests the foundation might be a holding entity for assets, potentially for future larger initiatives or a very niche, low-cost program, rather than an active fundraising and program delivery organization.
How does the consistent reporting of 'l1' (liabilities of $1) impact the financial assessment of the organization?
The 'l1' entry, consistently reported as $1, is unusual and could indicate a placeholder or a very specific, minimal liability that doesn't materially affect the overall financial health but warrants further investigation for its exact nature.
Filing History
IRS 990 filing history for Mill Creek Foundation showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2013–2023), Mill Creek Foundation's revenue has declined by 42.1%, moving from $3K to $2K. Total assets decreased by 2.3% over the same period, from $364K to $355K. Total functional expenses fell by 21.7%, from $3K to $3K. In its most recent filing year (2023), Mill Creek Foundation reported a deficit of $1K, with expenses exceeding revenue. The organization holds $1 in liabilities against $355K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $355K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2K | $3K | $355K | $1 | — | — |
| 2022 | $3K | $3K | $356K | $1 | — | View 990 |
| 2021 | $2K | $4K | $356K | $1 | — | — |
| 2020 | $2K | $17K | $358K | $1 | — | View 990 |
| 2019 | $2K | $2K | $373K | $0 | — | View 990 |
| 2015 | $2K | $3K | $360K | $23K | — | View 990 |
| 2014 | $2K | $8K | $362K | $23K | — | View 990 |
| 2013 | $3K | $3K | $364K | $18K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2K, expenses of $3K, and assets of $355K (revenue -40.0% year-over-year).
- 2022: Revenue of $3K, expenses of $3K, and assets of $356K (revenue +15.6% year-over-year).
- 2021: Revenue of $2K, expenses of $4K, and assets of $356K (revenue +34.6% year-over-year).
- 2020: Revenue of $2K, expenses of $17K, and assets of $358K (revenue -12.0% year-over-year).
- 2019: Revenue of $2K, expenses of $2K, and assets of $373K (revenue +26.7% year-over-year).
- 2015: Revenue of $2K, expenses of $3K, and assets of $360K (revenue -16.1% year-over-year).
- 2014: Revenue of $2K, expenses of $8K, and assets of $362K (revenue -33.7% year-over-year).
- 2013: Revenue of $3K, expenses of $3K, and assets of $364K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mill Creek Foundation:
Data Sources and Methodology
This transparency report for Mill Creek Foundation 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.