Millennium-Cudahy Inc

Analysis

Millennium-Cudahy Inc is a registered charity in United States, based in Rockford, IL. It received its IRS tax-exemption ruling in January 2002, 24 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-Cudahy Inc reported income of $138k and spending of $149k, spending 108% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $86k to $138k (+60%), an average of +12% a year. The sharpest change came in the year to September 2022, when income rose by 18%. Over the whole period it spent 120% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Millennium-Cudahy 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 45th percentile, and in the 46th percentile within IL. Charities of a similar size with the same main cause include Independent Living Horizons Four Inc ($138k), Handy House ($138k) and Fountainville Project Inc ($137k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 78% and program service revenue 22% of the total. At year end it held assets of $688k against liabilities of $30k, net assets of $658k.

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.