Millennium Education Properties Inc

Analysis

Millennium Education Properties Inc is a registered charity in United States, based in Mount Airy, NC. It received its IRS tax-exemption ruling in June 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Millennium Education Properties Inc reported income of $662k and spending of $895k, spending 135% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $607k to $662k (+9.0%), an average of +2.2% a year. The sharpest change came in the year to June 2021, when income rose by 36%. Over the whole period it spent 127% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Millennium Education Properties Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within NC. Charities of a similar size with the same main cause include Plumbers Steamfitters Local 42 Joint Apprentice Training Plan ($662k), Syntiro ($662k) and Explore Knowledge Foundation ($662k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $10.0m against liabilities of $12.1m, net assets of -$2.1m.