Philanthropy & Grantmaking (T70Z) IRS Verified DX Registered 990 on File

UNITED WAY OF MILFORD INC

EIN: 06-0724409 · MILFORD, CT 06460-4807 · United States · FY 2023 Data

3 out of 5 49 / 100 Based on 2+ years of filings

Financial strength (30%) 69/100

Reliability (20%) 55/100

Effectiveness (25%) 68/100

Impact (25%) No data yet

Financial data: FY 2023 · Scored 9/13/2026

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Mission Statement

Milford United Way provides short-term emergency support to Milford residents facing unexpected financial hardships. The program is designed to help individuals and families maintain stability during times of crisis by connecting them with resources and providing assistance for essential needs such as utilities, food, transportation, and other basic necessities. Through local partnerships, MUW works to ensure that residents receive support while also connecting them to long-term services.

Financial Overview — FY 2023

$424K

Total Revenue

$581K

Total Expenses

$540K

Net Assets

Employees

Revenue Sources

Expense Breakdown

Program Expense Ratio 66.7%

Fundraising Efficiency 99.6%

Operating Reserve 11.16x

Liability-to-Asset 7.1%

Revenue Diversification 68.0%

Compared with Peers

FY 2023

Compared with 26,134 similar organizations (United States, Philanthropy & Grantmaking, $100K–$1M in expenses), FY 2023.

This organization Middle half of peers (P25–P75) Peer median

Ratio	This org	Peer median	Position (P10 → P90)
Program expense ratio Program expenses / total expenses · higher is better	66.7%	90.7%	P10P90	Bottom quarter
Admin expense ratio Management and general / total expenses · lower is better	16.9%	7.8%	P10P90	Below median
Fundraising expense ratio Fundraising expenses / total expenses · lower is better	16.3%	0.0%	P10P90	Bottom quarter
Fundraising efficiency Fundraising expenses / gross fundraising income · lower is better	99.6%	7.3%	P10P90	Bottom quarter
Operating reserve Months of expenses covered by net assets · higher is better	11.2 mo	106.5 mo	P10P90	Bottom quarter
Liabilities to assets Total liabilities / total assets · lower is better	7.1%	0.0%	P10P90	Bottom quarter
Revenue concentration Share of revenue from the largest source · lower is better	68.0%	90.6%	P10P90	Top quarter
Revenue growth Year over year revenue growth	-10.8%	4.1%	P10P90
Expense growth Year over year expense growth	-14.9%	2.5%	P10P90
Surplus margin Surplus as a share of revenue	-36.9%	-10.5%	P10P90

Financial History

Year	Revenue	Expenses	Net Assets	Program %	Staff
2023	$424K	$581K	$540K	66.7%	4
2022	$476K	$683K	$722K	71.7%	5
2021	$571K	$597K	N/A	—	3

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Organization Details

EIN: 06-0724409
State: CT
City: MILFORD
ZIP: 06460-4807
Classification: T70Z
Category: Philanthropy & Grantmaking
Rating: 3★
Coverage: A
Last Updated: Aug 2026
IRS Ruling Year: 1954
Foundation Code: 15
Form 990: On File

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CharityAI™ rates charities from 0 to 100 using public filings (IRS Form 990 and the equivalent registries outside the US) together with the information the charity itself provides on DonationX. Ratings are recalculated every quarter, without human bias, and shown as stars.

Four pillars

Financial strength30%

Program expense ratio, fundraising efficiency, operating reserves, liabilities and revenue diversification, compared with similar organizations.

Reliability20%

Standing with the registry, filing history, verification and how complete the profile is.

Effectiveness25%

How much goes to programs and how consistently the organization delivers them.

Impact25%

The outcomes the charity reports on DonationX: people served, cost per service and results.

Stars

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