The Miller Foundation
The Miller Foundation consistently spends more than it earns, drawing down its asset base.
EIN: 10494517 · Brunswick, ME · NTEE: T22Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $25K |
| Total Expenses | $93K |
| Program Spending | 70% |
| Net Assets | $662K |
| Transparency Score | 45/100 |
Is The Miller Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Miller Foundation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About The Miller Foundation
The Miller Foundation (EIN: 10494517) is a nonprofit organization based in Brunswick, ME, classified under NTEE code T22Z. The organization reported total revenue of $25K and total assets of $648K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Miller Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Miller Foundation is a micro nonprofit that has been operating for 31 years, with 11 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 4.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $14K |
| Total Expenses | $93K |
| Surplus / Deficit | $-79,737 |
| Total Assets | $662K |
| Total Liabilities | $1 |
| Net Assets | $662K |
| Operating Margin | -590.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 85.2 months |
Financial Health Grade: B
In 2023, The Miller Foundation reported a deficit of $80K with expenses exceeding revenue, holds 85.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 11 years of filings (2010–2023), The Miller Foundation's revenue has grown at a compound annual growth rate (CAGR) of 4.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -29.9% | +16.1% | -4.9% |
| 2022 | -57.8% | +7.8% | -8.1% |
| 2021 | +1044.4% | +0.6% | -3.7% |
| 2019 | -1466.3% | +35.8% | -20.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1995 |
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 Miller 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, The Miller 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 $80K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating a volunteer-led organization or one with no paid officers, which is commendable for minimizing overhead.
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 Miller Foundation's IRS 990 filings:
- Consistent and significant operational deficits (expenses far exceeding revenue, e.g., $93,251 expenses vs. $13,514 revenue in 2023).
- Steady decline in total assets over the past decade, indicating an unsustainable spending model.
- Negative revenue reported in 2019 (-$10,343), which is unusual and warrants further investigation.
Strengths
The following positive indicators were identified for The Miller Foundation:
- Zero officer compensation reported across all filings, indicating efficient use of funds at the leadership level.
- Maintains a substantial asset base ($662,277 in 2023) despite consistent drawdowns.
Frequently Asked Questions about The Miller Foundation
Is The Miller Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, The Miller Foundation (EIN: 10494517) significant concerns. Mission Score: 45/100. 3 red flags identified, 2 strengths noted.
How does The Miller Foundation spend its money?
The Miller Foundation directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Miller Foundation tax-deductible?
The Miller Foundation is registered as a tax-exempt nonprofit (EIN: 10494517). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The Miller Foundation's spending goes to programs?
The Miller Foundation directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does The Miller Foundation compare to similar nonprofits?
With a transparency score of 45/100 (Fair), The Miller Foundation is near average for NTEE category T22Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Miller Foundation located?
The Miller Foundation is headquartered in Brunswick, Maine and files with the IRS under EIN 10494517. It is classified under NTEE code T22Z.
How many years of IRS 990 filings does The Miller Foundation have?
The Miller Foundation has 11 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 $25K in total revenue.
Is The Miller Foundation financially sustainable?
Based on the consistent trend of expenses significantly exceeding revenue (e.g., $93,251 expenses vs. $13,514 revenue in 2023), the foundation is not financially sustainable in its current operational model, relying on its asset base to cover deficits.
What is the primary source of funding for The Miller Foundation?
The filings show highly variable and generally low revenue figures, suggesting that the foundation primarily relies on its existing assets rather than consistent external funding or significant new donations to cover its expenses.
Why are the assets declining so significantly?
The consistent decline in assets from over $1 million in 2015 to $662,277 in 2023 is directly attributable to the foundation's annual expenses consistently exceeding its revenue, forcing it to draw down its principal.
Filing History
IRS 990 filing history for The Miller Foundation showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2010–2023), The Miller Foundation's revenue has grown by 79.8%, moving from $8K to $14K. Total assets increased by 172.4% over the same period, from $243K to $662K. Total functional expenses rose by 577.8%, from $14K to $93K. In its most recent filing year (2023), The Miller Foundation reported a deficit of $80K, with expenses exceeding revenue. The organization holds $1 in liabilities against $662K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $662K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $14K | $93K | $662K | $1 | — | — |
| 2022 | $19K | $80K | $696K | $1 | — | View 990 |
| 2021 | $46K | $75K | $757K | $1 | — | — |
| 2020 | $4K | $74K | $786K | $1 | — | — |
| 2019 | $-10,343 | $47K | $856K | $1 | — | View 990 |
| 2015 | $757 | $35K | $1.1M | $0 | — | View 990 |
| 2014 | $372K | $44K | $1.1M | $0 | — | View 990 |
| 2013 | $25K | $33K | $981K | $5K | — | View 990 |
| 2012 | $30K | $33K | $995K | $10K | — | View 990 |
| 2011 | $7K | $18K | $995K | $7K | — | View 990 |
| 2010 | $8K | $14K | $243K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $14K, expenses of $93K, and assets of $662K (revenue -29.9% year-over-year).
- 2022: Revenue of $19K, expenses of $80K, and assets of $696K (revenue -57.8% year-over-year).
- 2021: Revenue of $46K, expenses of $75K, and assets of $757K (revenue +1044.4% year-over-year).
- 2020: Revenue of $4K, expenses of $74K, and assets of $786K.
- 2019: Revenue of $-10,343, expenses of $47K, and assets of $856K (revenue -1466.3% year-over-year).
- 2015: Revenue of $757, expenses of $35K, and assets of $1.1M (revenue -99.8% year-over-year).
- 2014: Revenue of $372K, expenses of $44K, and assets of $1.1M (revenue +1409.0% year-over-year).
- 2013: Revenue of $25K, expenses of $33K, and assets of $981K (revenue -16.5% year-over-year).
- 2012: Revenue of $30K, expenses of $33K, and assets of $995K (revenue +304.4% year-over-year).
- 2011: Revenue of $7K, expenses of $18K, and assets of $995K (revenue -2.8% year-over-year).
- 2010: Revenue of $8K, expenses of $14K, and assets of $243K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Miller Foundation:
Data Sources and Methodology
This transparency report for The Miller 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.