Millennium-Janesville I Inc

Analysis

Millennium-Janesville I Inc is a registered charity in United States, based in Rockford, IL. It received its IRS tax-exemption ruling in December 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Millennium-Janesville I Inc reported income of $134k and spending of $161k, spending 120% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $111k to $134k (+20%), an average of +4.7% a year. Over the whole period it spent 121% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Millennium-Janesville I Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 45th percentile within IL. Charities of a similar size with the same main cause include Plum Presbyterian Supportive Housing Inc ($134k), Drayton Village Inc ($134k) and Cedar View Inc ($134k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 35% and program service revenue 64% of the total. At year end it held assets of $1.0m against liabilities of $62k, net assets of $957k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.