New Millennium Building Company

Analysis

New Millennium Building Company is a registered charity in United States, based in Brooklyn Ctr, MN. It received its IRS tax-exemption ruling in April 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, New Millennium Building Company reported income of $1.3m and spending of $1.2m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $1.3m (+13%), an average of +3.0% a year. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New Millennium Building Company sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within MN. Charities of a similar size with the same main cause include San Joaquin & Calaveras Co Electric Training & Educational Trust ($1.3m), Library Connection Inc ($1.3m) and Luzerne County Community College Foundation Inc ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 96% of the total. At year end it held assets of $14.6m against liabilities of $15.9m, net assets of -$1.3m.