Millions From One Inc

Analysis

Millions From One Inc is a registered charity in United States, based in Southlake, TX. It received its IRS tax-exemption ruling in December 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Millions From One Inc reported income of $109k and spending of $170k, spending 156% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income fell from $168k to $109k (-35%), an average of -14% a year. The sharpest change came in the year to December 2023, when income dropped by 47%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Millions From One Inc sits at the 35th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 42nd percentile within TX. Charities of a similar size with the same main cause include Paradise 4 Kids Inc ($109k), Operation Jersey Cares Inc ($109k) and Central Community Circle Food Pantry ($109k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $151k against liabilities of $0, net assets of $151k.