Millennium Water Association
EIN: 566083071 · Aulander, NC · NTEE: Y22
Is Millennium Water Association Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Millennium Water Association
Millennium Water Association (EIN: 566083071) is a nonprofit organization based in Aulander, NC, classified under NTEE code Y22. The organization reported total revenue of $272K and total assets of $553K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Millennium Water Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Millennium Water Association is a small nonprofit that has been operating for 13 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 3.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $245K |
| Total Expenses | $265K |
| Surplus / Deficit | $-19,089 |
| Total Assets | $462K |
| Total Liabilities | $64K |
| Net Assets | $398K |
| Operating Margin | -7.8% |
| Debt-to-Asset Ratio | 13.8% |
| Months of Reserves | 20.9 months |
Financial Health Grade: B
In 2023, Millennium Water Association reported a deficit of $19K with expenses exceeding revenue, holds 20.9 months of operating reserves (strong position), has a debt-to-asset ratio of 13.8% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Millennium Water Association's revenue has grown at a compound annual growth rate (CAGR) of 3.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.9% | -4.5% | -9.5% |
| 2022 | +3.4% | -2.4% | -3.8% |
| 2021 | -6.8% | +8.1% | -14.1% |
| 2020 | -1.2% | -3.0% | +7.5% |
| 2019 | -15.3% | -2.1% | -17.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2013 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Millennium Water Association has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Millennium Water Association with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $19K, with expenses exceeding revenue.
- Debt-to-asset ratio: 13.8%.
Frequently Asked Questions about Millennium Water Association
Is Millennium Water Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Millennium Water Association (EIN: 566083071) insufficient data. 0 red flags identified, 0 strengths noted.
How does Millennium Water Association spend its money?
Detailed spending breakdown data is not yet available for Millennium Water Association. Check back for updated IRS 990 analysis.
Are donations to Millennium Water Association tax-deductible?
Millennium Water Association is registered as a tax-exempt nonprofit (EIN: 566083071). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Millennium Water Association showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Millennium Water Association's revenue has grown by 48.4%, moving from $165K to $245K. Total assets decreased by 43.4% over the same period, from $816K to $462K. Total functional expenses rose by 75.8%, from $151K to $265K. In its most recent filing year (2023), Millennium Water Association reported a deficit of $19K, with expenses exceeding revenue. The organization holds $64K in liabilities against $462K in assets (debt-to-asset ratio: 13.8%), resulting in net assets of $398K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $245K | $265K | $462K | $64K | — | — |
| 2022 | $236K | $277K | $510K | $37K | — | View 990 |
| 2021 | $229K | $284K | $530K | $86K | — | View 990 |
| 2020 | $245K | $263K | $617K | $188K | — | — |
| 2019 | $248K | $271K | $574K | $198K | — | View 990 |
| 2018 | $293K | $276K | $699K | $370K | — | View 990 |
| 2017 | $248K | $321K | $692K | $449K | — | View 990 |
| 2016 | $249K | $302K | $795K | $479K | — | View 990 |
| 2015 | $199K | $248K | $719K | $319K | — | View 990 |
| 2014 | $178K | $156K | $751K | $364K | — | View 990 |
| 2013 | $164K | $191K | $783K | $382K | — | View 990 |
| 2012 | $165K | $151K | $816K | $431K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $245K, expenses of $265K, and assets of $462K (revenue +3.9% year-over-year).
- 2022: Revenue of $236K, expenses of $277K, and assets of $510K (revenue +3.4% year-over-year).
- 2021: Revenue of $229K, expenses of $284K, and assets of $530K (revenue -6.8% year-over-year).
- 2020: Revenue of $245K, expenses of $263K, and assets of $617K (revenue -1.2% year-over-year).
- 2019: Revenue of $248K, expenses of $271K, and assets of $574K (revenue -15.3% year-over-year).
- 2018: Revenue of $293K, expenses of $276K, and assets of $699K (revenue +18.0% year-over-year).
- 2017: Revenue of $248K, expenses of $321K, and assets of $692K (revenue -0.2% year-over-year).
- 2016: Revenue of $249K, expenses of $302K, and assets of $795K (revenue +25.3% year-over-year).
- 2015: Revenue of $199K, expenses of $248K, and assets of $719K (revenue +11.7% year-over-year).
- 2014: Revenue of $178K, expenses of $156K, and assets of $751K (revenue +8.3% year-over-year).
- 2013: Revenue of $164K, expenses of $191K, and assets of $783K (revenue -0.7% year-over-year).
- 2012: Revenue of $165K, expenses of $151K, and assets of $816K.
Data Sources and Methodology
This transparency report for Millennium Water Association is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.