New Millennium Inc
New Millennium Inc. consistently files IRS 990s but has experienced recent operational deficits.
EIN: 113695825 · Alex City, AL · NTEE: P30 · Updated: 2026-03-28
Is New Millennium Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New Millennium Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New Millennium Inc
New Millennium Inc (EIN: 113695825) is a nonprofit organization based in Alex City, AL, classified under NTEE code P30. The organization reported total revenue of $94K and total assets of $28K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Millennium Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Millennium Inc is a micro nonprofit that has been operating for 23 years, with 6 years of IRS 990 filings on record (2018–2023). Revenue has grown at a compound annual rate of -7.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $62K |
| Total Expenses | $64K |
| Surplus / Deficit | $-1,737 |
| Total Assets | $31K |
| Net Assets | $31K |
| Operating Margin | -2.8% |
| Months of Reserves | 5.9 months |
Financial Health Grade: B
In 2023, New Millennium Inc reported a deficit of $2K with expenses exceeding revenue, holds 5.9 months of operating reserves (adequate).
Financial Trends
Over 6 years of filings (2018–2023), New Millennium Inc's revenue has declined at a compound annual growth rate (CAGR) of -7.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -15.6% | -27.2% | -5.3% |
| 2022 | -23.3% | -12.5% | -30.1% |
| 2021 | +9.2% | +49.8% | -8.2% |
| 2020 | +17.2% | -7.5% | +69.5% |
| 2019 | -17.0% | -8.8% | +9.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates New Millennium Inc with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, New Millennium Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $2K, with expenses exceeding revenue.
Executive Compensation Analysis
New Millennium Inc. reports 0% officer compensation across all six filing periods, indicating that no funds are allocated to executive salaries, which is highly favorable for donor perception and suggests a volunteer-led or very lean operational model.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of New Millennium Inc's IRS 990 filings:
- Expenses exceeded revenue in 3 of the last 4 reported periods (2023, 2022, 2021), indicating potential operational deficits.
- Assets have declined from a peak of $51,298 in 2020 to $28,242 in 2023, suggesting a draw-down on reserves.
Strengths
The following positive indicators were identified for New Millennium Inc:
- Consistent filing of IRS 990s for six periods, demonstrating transparency.
- 0% officer compensation reported across all periods, indicating efficient use of funds for leadership.
- No reported liabilities across all periods, suggesting a debt-free operation.
- Clear NTEE code (P30) indicating a focused mission on Youth Development, Service & Leadership.
Frequently Asked Questions about New Millennium Inc
Is New Millennium Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, New Millennium Inc (EIN: 113695825) some concerns. Mission Score: 70/100. 2 red flags identified, 4 strengths noted.
How does New Millennium Inc spend its money?
New Millennium Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to New Millennium Inc tax-deductible?
New Millennium Inc is registered as a tax-exempt nonprofit (EIN: 113695825). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is New Millennium Inc. financially sustainable given recent deficits?
The organization has reported expenses exceeding revenue in three of the last four years (2023, 2022, 2021). While assets exist, this trend suggests a need to increase revenue or reduce expenses to ensure long-term sustainability.
How does New Millennium Inc. manage without officer compensation?
The consistent 0% officer compensation suggests that the organization is either entirely volunteer-run at the executive level or operates with a very lean structure where leadership roles are not compensated through salaries, which is unusual for an organization with its revenue levels.
What is the primary use of New Millennium Inc.'s funds?
Based on the NTEE code P30 (Youth Development, Service & Leadership) and the absence of officer compensation, it is highly probable that the majority of funds are directed towards program activities related to youth development, though specific program spending percentages are not detailed in the provided data.
Filing History
IRS 990 filing history for New Millennium Inc showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2018–2023), New Millennium Inc's revenue has declined by 31.3%, moving from $91K to $62K. Total assets increased by 13.1% over the same period, from $28K to $31K. Total functional expenses fell by 19.6%, from $80K to $64K. In its most recent filing year (2023), New Millennium Inc reported a deficit of $2K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $62K | $64K | $31K | $0 | — | View 990 |
| 2022 | $74K | $88K | $33K | $0 | — | View 990 |
| 2021 | $96K | $100K | $47K | $0 | — | — |
| 2020 | $88K | $67K | $51K | $0 | — | View 990 |
| 2019 | $75K | $73K | $30K | $0 | — | View 990 |
| 2018 | $91K | $80K | $28K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $62K, expenses of $64K, and assets of $31K (revenue -15.6% year-over-year).
- 2022: Revenue of $74K, expenses of $88K, and assets of $33K (revenue -23.3% year-over-year).
- 2021: Revenue of $96K, expenses of $100K, and assets of $47K (revenue +9.2% year-over-year).
- 2020: Revenue of $88K, expenses of $67K, and assets of $51K (revenue +17.2% year-over-year).
- 2019: Revenue of $75K, expenses of $73K, and assets of $30K (revenue -17.0% year-over-year).
- 2018: Revenue of $91K, expenses of $80K, and assets of $28K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Millennium Inc:
Data Sources and Methodology
This transparency report for New Millennium Inc 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.