Millennium Housing Corporation

Analysis

Millennium Housing Corporation is a registered charity in United States, based in Costa Mesa, CA. It received its IRS tax-exemption ruling in June 2001, 25 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2023, Millennium Housing Corporation reported income of $31.7m and spending of $27.5m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $29.5m to $31.7m (+7.5%), an average of +1.8% a year. Over the whole period it spent 90% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Millennium Housing Corporation sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include Breaking Ground Housing Development Fund Corporation ($31.6m), Center for Housing and Health ($31.9m) and Resurrection Project ($31.4m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $992k (3.6% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $190.3m against liabilities of $181.4m, net assets of $8.9m. It reported 5 employees.