The Mcmillan Childrens Foundation Inc
Mcmillan Childrens Foundation shows declining assets and historically low revenue relative to expenses.
EIN: 201650184 · Wilmington, DE · NTEE: T20 · Updated: 2026-03-28
Is The Mcmillan Childrens Foundation Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Mcmillan Childrens Foundation Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Mcmillan Childrens Foundation Inc
The Mcmillan Childrens Foundation Inc (EIN: 201650184) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T20. The organization reported total revenue of $59 and total assets of $6K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Mcmillan Childrens Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Mcmillan Childrens Foundation Inc is a micro nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 64.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $15K |
| Total Expenses | $6K |
| Surplus / Deficit | +$10K |
| Total Assets | $12K |
| Total Liabilities | $1 |
| Net Assets | $12K |
| Operating Margin | 63.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 25.5 months |
Financial Health Grade: A
In 2023, The Mcmillan Childrens Foundation Inc reported a surplus of $10K with revenue exceeding expenses, holds 25.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), The Mcmillan Childrens Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 64.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +150820.0% | +9.9% | +422.8% |
| 2022 | -99.9% | +0.0% | -69.1% |
| 2021 | +55583.3% | +0.0% | +214.2% |
| 2020 | -99.8% | +0.0% | -68.4% |
| 2019 | +1004600.0% | +0.2% | -2.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 The Mcmillan Childrens Foundation Inc with a Mission Score of 35 out of 100 (Poor). 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: 75%
- fundraising: 10%
According to IRS 990 filings, The Mcmillan Childrens Foundation Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $10K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no officers are drawing salaries from the organization, which is a positive for donor funds.
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 The Mcmillan Childrens Foundation Inc's IRS 990 filings:
- Consistent historical revenue deficits (e.g., $40 revenue vs. $100,686 expenses in 2011).
- Significant decline in assets over time, from $27,339 in 2011 to $5,751 currently.
- Very low and inconsistent revenue figures in most years, indicating unstable funding.
- Latest reported revenue of $59 is extremely low for an operating nonprofit.
Strengths
The following positive indicators were identified for The Mcmillan Childrens Foundation Inc:
- Consistent reporting of 0% officer compensation, indicating no salaries paid to executives.
- Low liabilities reported across all filings ($1), suggesting minimal debt.
Frequently Asked Questions about The Mcmillan Childrens Foundation Inc
Is The Mcmillan Childrens Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, The Mcmillan Childrens Foundation Inc (EIN: 201650184) significant concerns. Mission Score: 35/100. 4 red flags identified, 2 strengths noted.
How does The Mcmillan Childrens Foundation Inc spend its money?
The Mcmillan Childrens Foundation Inc directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Mcmillan Childrens Foundation Inc tax-deductible?
The Mcmillan Childrens Foundation Inc is registered as a tax-exempt nonprofit (EIN: 201650184). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is The Mcmillan Childrens Foundation Inc financially sustainable?
Based on the historical data, the organization has frequently operated with expenses significantly exceeding revenue, leading to a decline in assets from $27,339 in 2011 to $11,800 in 2023, and a current asset base of only $5,751. This trend suggests significant financial sustainability challenges.
What is the primary source of funding for this organization?
The filings show very low and inconsistent revenue figures, such as $10 in 2022 and $18 in 2020, with a peak of $15,092 in 2023. The specific sources of this revenue are not detailed in the provided summary, but the overall amounts indicate a struggle to secure substantial funding.
How does the organization cover its expenses when revenue is so low?
Historically, when revenue was significantly lower than expenses (e.g., $40 revenue vs. $100,686 expenses in 2011), the organization likely drew from its asset base, which has consequently declined over time. More recently, expenses have been closer to or less than revenue, but the overall financial health remains precarious.
Filing History
IRS 990 filing history for The Mcmillan Childrens Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), The Mcmillan Childrens Foundation Inc's revenue has grown by 37630%, moving from $40 to $15K. Total assets decreased by 56.8% over the same period, from $27K to $12K. Total functional expenses fell by 94.5%, from $101K to $6K. In its most recent filing year (2023), The Mcmillan Childrens Foundation Inc reported a surplus of $10K, with revenue exceeding expenses. The organization holds $1 in liabilities against $12K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $12K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $15K | $6K | $12K | $1 | — | — |
| 2022 | $10 | $5K | $2K | $1 | — | View 990 |
| 2021 | $10K | $5K | $7K | $1 | — | — |
| 2020 | $18 | $5K | $2K | $1 | — | — |
| 2019 | $10K | $5K | $7K | $1 | — | View 990 |
| 2015 | $1 | $5K | $8K | $1 | — | View 990 |
| 2014 | $1 | $5K | $13K | $1 | — | View 990 |
| 2013 | $2 | $5K | $18K | $1 | — | View 990 |
| 2012 | $392 | $5K | $23K | $1 | — | View 990 |
| 2011 | $40 | $101K | $27K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $15K, expenses of $6K, and assets of $12K (revenue +150820.0% year-over-year).
- 2022: Revenue of $10, expenses of $5K, and assets of $2K (revenue -99.9% year-over-year).
- 2021: Revenue of $10K, expenses of $5K, and assets of $7K (revenue +55583.3% year-over-year).
- 2020: Revenue of $18, expenses of $5K, and assets of $2K (revenue -99.8% year-over-year).
- 2019: Revenue of $10K, expenses of $5K, and assets of $7K (revenue +1004600.0% year-over-year).
- 2015: Revenue of $1, expenses of $5K, and assets of $8K (revenue +0.0% year-over-year).
- 2014: Revenue of $1, expenses of $5K, and assets of $13K (revenue -50.0% year-over-year).
- 2013: Revenue of $2, expenses of $5K, and assets of $18K (revenue -99.5% year-over-year).
- 2012: Revenue of $392, expenses of $5K, and assets of $23K (revenue +880.0% year-over-year).
- 2011: Revenue of $40, expenses of $101K, and assets of $27K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Mcmillan Childrens Foundation Inc:
Data Sources and Methodology
This transparency report for The Mcmillan Childrens 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.