Millennium Institute

Analysis

Millennium Institute is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in October 1983, 43 years ago. 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 Institute reported income of $1.1m and spending of $1.0m, spending 94% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $510k to $1.1m (+116%), an average of +21% a year. The sharpest change came in the year to September 2022, when income rose by 52%. Over the whole period it spent 110% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Millennium Institute sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 56th percentile within DC. Charities of a similar size with the same main cause include Catholic Charities Diocese of Norwich Inc ($1.1m), Habitat for Humanity International Inc ($1.1m) and College of the Siskiyous Foundation ($1.1m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $240k (23% of expenses). Other salaries and wages came to $143k. At year end it held assets of $447k against liabilities of $1.4m, net assets of -$949k. It reported 3 employees.