Millennium Fund

Analysis

Millennium Fund is a registered charity in United States, based in Winston Salem, NC. It received its IRS tax-exemption ruling in March 2003, 23 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Millennium Fund reported income of $435k and spending of $1.5m, spending 336% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $836k to $435k (-48%), an average of -15% a year. The sharpest change came in the year to December 2021, when income rose by 253%. Over the whole period it spent 135% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Millennium Fund sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within NC. Charities of a similar size with the same main cause include Vietnamese Charitable Association ($434k), International Health and Development Network ($435k) and Kiwanis Club of Montgomery Foundation ($434k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. At year end it held assets of $2.6m against liabilities of $0, net assets of $2.6m.