Milkcare Foundation
Nonprofit profile at a glance
- EIN
- 770561742
- IRS 990-EZ coverage
- 2024–2025
- Forms available
- Form 990-EZ 2025, Form 990-PF 2023
- Location
- Santa Clara, CA, USA
- Phone
- 4082434526
- Rating
- 88
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Emergency Assistance
Reported finances
- Revenue
- $121,569
- Expenses
- $106,787
- Assets
- $27,479
- Liabilities
- $6
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
2 people listed
Executive titles in this filing
- Hoang Nguyen (President)
People named in this filing
- Hoang Nguyen (President)
- Christina Ngo (Treasurer)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To provide a sense of childhood and hope for a positive future to abandoned and underprivileged children, and to extend a helping hand to poor rural communities in Vietnam.
What it reported doing in 2025
Provided quarterly support to Kim Son temple for soymilk for the children, educational support, soup kitchen, Myamar earthquake relief, rice and clothes for the poor.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 86
- Transparency & Controls: 100
- Sustainability: 47
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 82%; rating input score 82
- Program expense ratio: 93.3%; rating input score 93
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 12.2%; rating input score 59; 59th percentile among comparable filings
- Total-asset coverage ratio: 0.26; rating input score 23; 23rd percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 47; 47th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: -15.5% per year; rating input score 0; 12th percentile among comparable filings
- Revenue growth: 20.8% per year; rating input score 100; 83rd percentile among comparable filings
- Asset growth: 73.6% per year; rating input score 100; 96th percentile among comparable filings
Details
- Where the money goes: 82% of revenue deployed · 93.3% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments · $100K in reported program spending
- Leadership: top reported pay $0 · 2 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 3 filed schedules
- Filing history: 2 filing years from 2024 to 2025
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Growth: Program expense growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 23/100.
- Review — Sustainability: Operating margin scored 59/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 47/100.