New Millenium Community Development Corporation

Analysis

New Millenium Community Development Corporation is a registered charity in United States, based in Jersey City, NJ. It received its IRS tax-exemption ruling in December 1999, 27 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, New Millenium Community Development Corporation reported income of $112k and spending of $112k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $141k to $112k (-20%), an average of -20% a year. The sharpest change came in the year to December 2023, when income dropped by 20%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Millenium Community Development Corporation sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 48th percentile within NJ. Charities of a similar size with the same main cause include Father Dan Morales Endowment ($112k), Museum of North Carolina Handicrafts Incorporated ($112k) and Friends of the Eastern California Museum ($112k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.8% of the total. At year end it held assets of $16k against liabilities of $0, net assets of $16k.