Millennium Cares Fund Inc

Analysis

Millennium Cares Fund Inc is a registered charity in United States, based in Fort Myers, FL. It received its IRS tax-exemption ruling in October 2022, 4 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Millennium Cares Fund Inc reported income of $117k and spending of $146k, spending 125% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $297k to $117k (-61%), an average of -61% a year. The sharpest change came in the year to December 2023, when income dropped by 61%. Over the whole period it spent 97% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Millennium Cares Fund Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 45th percentile within FL. Charities of a similar size with the same main cause include India Association of Oklahoma ($117k), Pet Mobility Project Foundation Inc ($117k) and Decatur Morgan County Minority Development Assn ($117k).

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 $12k against liabilities of $0, net assets of $12k.