Made of Millions Foundation Inc

Analysis

Made of Millions Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 2016, 10 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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, Made of Millions Foundation Inc reported income of $152k and spending of $174k, spending 114% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $409k to $152k (-63%), an average of -28% a year. The sharpest change came in the year to December 2022, when income dropped by 59%. Over the whole period it spent 101% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Made of Millions Foundation Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 46th percentile within NY. Charities of a similar size with the same main cause include Service League of Methodist Medical Center ($152k), South Central Area Recovery ($152k) and Care Net Pregnancy Center of Mason County ($152k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $19k (11% of expenses). Other salaries and wages came to $76k. At year end it held assets of $14k against liabilities of $31k, net assets of -$17k. It reported 2 employees.