Millennium Housing of California

Analysis

Millennium Housing of California is a registered charity in United States, based in Costa Mesa, CA. It received its IRS tax-exemption ruling in July 1996, 30 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2023, Millennium Housing of California reported income of $16.4m and spending of $14.3m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $14.0m to $16.4m (+18%), an average of +4.2% a year. Over the whole period it spent 91% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Millennium Housing of California sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include Prairie Landing Community Inc ($16.4m), Bccu Inc Clearfield ($16.4m) and American Indian Community Development Corporation ($16.4m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 96% of the total. Compensation of current officers, directors and key employees was $333k (2.3% of expenses). Other salaries and wages came to $839k. At year end it held assets of $117.5m against liabilities of $101.6m, net assets of $15.9m. It reported 2 employees.