African Millennium Foundation

Analysis

African Millennium Foundation is a registered charity in United States, based in Beverly Hills, CA. It received its IRS tax-exemption ruling in February 2003, 23 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 2022, African Millennium Foundation reported income of $217k and spending of $172k, leaving 21% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income fell from $265k to $217k (-18%), an average of -6.4% a year. The sharpest change came in the year to December 2022, when income rose by 91%. Over the whole period it spent 82% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, African Millennium Foundation sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 58th percentile within CA. Charities of a similar size with the same main cause include Books for International Goodwill Foundation Inc ($217k), Derrick Johnsons Defend the Dream Foundation ($217k) and The Hamlin Jaeger and Massina Charitable Foundation ($217k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. It paid $1,800 in professional fundraising fees. At year end it held assets of $44k against liabilities of $0, net assets of $44k.