New Millennium Inc

Analysis

New Millennium Inc is a registered charity in United States, based in Alex City, AL. It received its IRS tax-exemption ruling in September 2003, 23 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, New Millennium Inc reported income of $62k and spending of $64k, spending 103% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $74k to $62k (-16%), an average of -16% a year. The sharpest change came in the year to December 2023, when income dropped by 16%. Over the whole period it spent 112% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New Millennium Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 23rd percentile within AL. Charities of a similar size with the same main cause include Global Ministry Supply ($62k), Society of St Vincent de Paul St Mary Conference ($62k) and Virtuous Women Life Academy ($62k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 47% and program service revenue 53% of the total. At year end it held assets of $31k against liabilities of $0, net assets of $31k.