Power of Millennials

Analysis

Power of Millennials is a registered charity in United States, based in Snellville, GA. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Power of Millennials reported income of $258k and spending of $263k, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $350k to $258k (-26%), an average of -26% a year. The sharpest change came in the year to December 2023, when income dropped by 26%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Power of Millennials sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 63rd percentile within GA. Charities of a similar size with the same main cause include Sisters Helping Sisters Fishing Tournament ($258k), Body Positive ($258k) and Centro Ramon Frade Para Personas de Edad Inc ($258k).

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 $33k against liabilities of $5,567, net assets of $28k.