Millies Place
Millies Place maintains modest revenue with no officer compensation and fluctuating assets.
EIN: 20505588 · Newport, NH · NTEE: F20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $15K |
| Total Expenses | $16K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $15,600. |
| Net Assets | $14K |
| Transparency Score | 85/100 |
Is Millies Place Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Millies Place directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Millies Place
Millies Place (EIN: 20505588) is a nonprofit organization based in Newport, NH, classified under NTEE code F20. The organization reported total revenue of $15K and total assets of $1 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Millies Place's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Millies Place is a micro nonprofit that has been operating for 27 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of 5.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $17K |
| Total Expenses | $16K |
| Surplus / Deficit | +$2K |
| Total Assets | $14K |
| Net Assets | $14K |
| Operating Margin | 8.9% |
| Months of Reserves | 10.4 months |
Financial Health Grade: A
In 2023, Millies Place reported a surplus of $2K with revenue exceeding expenses, holds 10.4 months of operating reserves (strong position).
Financial Trends
Over 3 years of filings (2021–2023), Millies Place's revenue has grown at a compound annual growth rate (CAGR) of 5.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +24.9% | -4.6% | +1373300.0% |
| 2022 | -10.5% | +61.6% | -100.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1999 |
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 Millies Place with a Mission Score of 85 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: 90%
- fundraising: 0%
According to IRS 990 filings, Millies Place allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $2K, with revenue exceeding expenses.
Executive Compensation Analysis
Millies Place reports 0% officer compensation across all three available filings, indicating that no executive salaries are paid, which is highly efficient for an organization with an average annual revenue of approximately $15,600.
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 Millies Place's IRS 990 filings:
- Assets fluctuated significantly, from $1 in 2022 to $13,734 in 2023, which could warrant further inquiry into the nature of these assets and their management.
Strengths
The following positive indicators were identified for Millies Place:
- 0% officer compensation reported across all filings, indicating highly efficient use of donor funds.
- No liabilities reported in any of the filings, suggesting strong financial stability and responsible management.
- Consistent revenue generation over the past three years, demonstrating operational continuity.
- Significant asset growth in 2023 ($13,734 from $1 in 2022), indicating potential for increased program capacity.
Frequently Asked Questions about Millies Place
Is Millies Place a legitimate charity?
Millies Place (EIN: 20505588) is a registered tax-exempt nonprofit based in New Hampshire. Our AI analysis gives it a Mission Score of 85/100. It has 3 years of IRS 990 filings on record. Total revenue: $15K. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Millies Place spend its money?
Millies Place directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Millies Place tax-deductible?
Millies Place is registered as a tax-exempt nonprofit (EIN: 20505588). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Millies Place CEO make?
Millies Place's highest-compensated officer earns $15,600. annually. The organization reported $15K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Millies Place compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Millies Place is above average for NTEE category F20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Millies Place located?
Millies Place is headquartered in Newport, New Hampshire and files with the IRS under EIN 20505588. It is classified under NTEE code F20.
How many years of IRS 990 filings does Millies Place have?
Millies Place has 3 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 $15K in total revenue.
Is Millies Place a good charity?
Based on the available data, Millies Place appears to be a good charity, particularly due to its 0% officer compensation and lack of liabilities, suggesting efficient use of funds and sound financial management. Its program spending is likely very high given these factors.
How has Millies Place's financial health changed over the last three years?
Millies Place's financial health has shown some volatility. While revenue has been relatively stable, assets significantly increased from $1 in 2022 to $13,734 in 2023, indicating a positive shift. Expenses have generally been managed well, though they exceeded revenue in 2022.
What is the primary use of funds at Millies Place?
Given the 0% officer compensation and the nature of a nonprofit, it is highly probable that the vast majority of Millies Place's expenses are directed towards its programs and mission-related activities, with a very small portion for administrative overhead.
Filing History
IRS 990 filing history for Millies Place showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Millies Place's revenue has grown by 11.8%, moving from $16K to $17K. Total assets increased by 181.6% over the same period, from $5K to $14K. Total functional expenses rose by 54.2%, from $10K to $16K. In its most recent filing year (2023), Millies Place reported a surplus of $2K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $17K | $16K | $14K | $0 | — | View 990 |
| 2022 | $14K | $17K | $1 | $0 | — | View 990 |
| 2021 | $16K | $10K | $5K | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $17K, expenses of $16K, and assets of $14K (revenue +24.9% year-over-year).
- 2022: Revenue of $14K, expenses of $17K, and assets of $1 (revenue -10.5% year-over-year).
- 2021: Revenue of $16K, expenses of $10K, and assets of $5K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Millies Place:
Data Sources and Methodology
This transparency report for Millies Place 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.