Millionaire Mastermind Academy Inc

Analysis

Millionaire Mastermind Academy Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in September 2019, 7 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Millionaire Mastermind Academy Inc reported income of $414k and spending of $371k, spending 90% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $465k to $414k (-11%), an average of -5.7% a year. The sharpest change came in the year to December 2023, when income rose by 98%. Over the whole period it spent 93% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Millionaire Mastermind Academy Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 71st percentile within GA. Charities of a similar size with the same main cause include Viva Downtown Redding Inc ($414k), Holbrook First Step Workshop Inc ($414k) and Seymour Main Street Inc ($413k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 21% of the total. At year end it held assets of $43k against liabilities of $0, net assets of $43k.