Millennium Promise Alliance Inc

Analysis

Millennium Promise Alliance Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 2006, 20 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Millennium Promise Alliance Inc reported income of $1.3m and spending of $1.7m, spending 126% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.1m to $1.3m (-38%), an average of -11% a year. The sharpest change came in the year to December 2022, when income dropped by 34%. Over the whole period it spent 121% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Millennium Promise Alliance Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 79th percentile within NY. Charities of a similar size with the same main cause include New Jewish Narrative Inc ($1.3m), Reel Life International Inc ($1.3m) and Japan Society of Northern California ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $61k (3.6% of expenses). At year end it held assets of $484k against liabilities of $225k, net assets of $259k.