One Million Years Foundation Inc
One Million Years Foundation Inc. reports consistent operating deficits in recent years despite substantial assets and zero officer compensation.
EIN: 134177993 · New York, NY · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.4M |
| Total Expenses | $1.2M |
| Program Spending | 80% |
| Net Assets | $18.8M |
| Transparency Score | 85/100 |
Is One Million Years Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
One Million Years Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About One Million Years Foundation Inc
One Million Years Foundation Inc (EIN: 134177993) is a nonprofit organization based in New York, NY, classified under NTEE code T22. The organization reported total revenue of $5.4M and total assets of $26.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of One Million Years Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
One Million Years Foundation Inc is a mid-size nonprofit that has been operating for 25 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $724K |
| Total Expenses | $1.2M |
| Surplus / Deficit | $-507,796 |
| Total Assets | $23.5M |
| Total Liabilities | $4.6M |
| Net Assets | $18.8M |
| Operating Margin | -70.1% |
| Debt-to-Asset Ratio | 19.7% |
| Months of Reserves | 228.5 months |
Financial Health Grade: B
In 2023, One Million Years Foundation Inc reported a deficit of $508K with expenses exceeding revenue, holds 228.5 months of operating reserves (strong position), has a debt-to-asset ratio of 19.7% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), One Million Years Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -29.0% | +4.0% | -2.1% |
| 2022 | -17.5% | +5.7% | -0.6% |
| 2021 | -80.5% | +28.3% | +24.2% |
| 2020 | +174.6% | -1.9% | +39.2% |
| 2019 | +484.7% | +91.4% | +243.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2001 |
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 One Million Years Foundation Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, One Million Years Foundation Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $508K, with expenses exceeding revenue.
- Debt-to-asset ratio: 19.7%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers, which is highly favorable for donor confidence and resource allocation.
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 One Million Years Foundation Inc's IRS 990 filings:
- Consistent operating deficits in recent years (e.g., 2023 expenses exceeded revenue by over $500,000)
- Significant fluctuation in annual revenue, from $6.3 million in 2020 to $724,467 in 2023, indicating potential reliance on large, infrequent contributions or investment gains.
Strengths
The following positive indicators were identified for One Million Years Foundation Inc:
- Zero officer compensation reported across all filings, indicating high financial integrity and dedication of resources to mission.
- Substantial asset base ($26,824,578 latest) provides long-term financial stability and capacity for future programs.
- Low liabilities relative to assets in most periods, indicating a healthy balance sheet (e.g., $4,616,729 liabilities vs. $23,463,810 assets in 2023).
Frequently Asked Questions about One Million Years Foundation Inc
Is One Million Years Foundation Inc a legitimate charity?
One Million Years Foundation Inc (EIN: 134177993) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $5.4M. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does One Million Years Foundation Inc spend its money?
One Million Years Foundation Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to One Million Years Foundation Inc tax-deductible?
One Million Years Foundation Inc is registered as a tax-exempt nonprofit (EIN: 134177993). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of One Million Years Foundation Inc's spending goes to programs?
One Million Years Foundation Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does One Million Years Foundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), One Million Years Foundation Inc is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is One Million Years Foundation Inc located?
One Million Years Foundation Inc is headquartered in New York, New York and files with the IRS under EIN 134177993. It is classified under NTEE code T22.
How many years of IRS 990 filings does One Million Years Foundation Inc have?
One Million Years Foundation Inc has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $5.4M in total revenue.
Is One Million Years Foundation Inc. a good charity?
Based on the available data, the foundation exhibits strong financial transparency regarding executive compensation (0%) and possesses substantial assets. However, recent operating deficits (e.g., $1,232,263 expenses vs. $724,467 revenue in 2023) suggest a need to understand how these deficits are being covered and the long-term sustainability of their operations without a clear revenue-to-expense balance.
How does the organization cover its operating deficits?
The consistent operating deficits in recent years (e.g., 2023, 2022) suggest the organization is either drawing down on its significant asset base or relying on prior year surpluses. Further detailed financial statements would be needed to pinpoint the exact funding mechanism for these shortfalls.
What is the primary use of the organization's substantial assets?
With assets of $26,824,578, the organization holds a significant endowment or investment portfolio. Given its NTEE code (T22 - Grantmaking Foundations), it's likely these assets are used to generate investment income for grantmaking activities, though specific details on asset utilization are not provided in this summary.
Filing History
IRS 990 filing history for One Million Years Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), One Million Years Foundation Inc's revenue has grown by 145.9%, moving from $295K to $724K. Total assets increased by 778.5% over the same period, from $2.7M to $23.5M. Total functional expenses rose by 235.9%, from $367K to $1.2M. In its most recent filing year (2023), One Million Years Foundation Inc reported a deficit of $508K, with expenses exceeding revenue. The organization holds $4.6M in liabilities against $23.5M in assets (debt-to-asset ratio: 19.7%), resulting in net assets of $18.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $724K | $1.2M | $23.5M | $4.6M | — | View 990 |
| 2022 | $1.0M | $1.2M | $24.0M | $4.6M | — | View 990 |
| 2021 | $1.2M | $1.1M | $24.1M | $4.6M | — | View 990 |
| 2020 | $6.3M | $874K | $19.4M | $1 | — | — |
| 2019 | $2.3M | $891K | $13.9M | $1 | — | View 990 |
| 2015 | $395K | $466K | $4.1M | $2K | — | View 990 |
| 2014 | $3.1M | $2.9M | $4.1M | $2K | — | View 990 |
| 2013 | $843K | $362K | $3.9M | $1K | — | View 990 |
| 2012 | $1.1M | $325K | $3.4M | $0 | — | View 990 |
| 2011 | $295K | $367K | $2.7M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $724K, expenses of $1.2M, and assets of $23.5M (revenue -29.0% year-over-year).
- 2022: Revenue of $1.0M, expenses of $1.2M, and assets of $24.0M (revenue -17.5% year-over-year).
- 2021: Revenue of $1.2M, expenses of $1.1M, and assets of $24.1M (revenue -80.5% year-over-year).
- 2020: Revenue of $6.3M, expenses of $874K, and assets of $19.4M (revenue +174.6% year-over-year).
- 2019: Revenue of $2.3M, expenses of $891K, and assets of $13.9M (revenue +484.7% year-over-year).
- 2015: Revenue of $395K, expenses of $466K, and assets of $4.1M (revenue -87.4% year-over-year).
- 2014: Revenue of $3.1M, expenses of $2.9M, and assets of $4.1M (revenue +272.7% year-over-year).
- 2013: Revenue of $843K, expenses of $362K, and assets of $3.9M (revenue -21.4% year-over-year).
- 2012: Revenue of $1.1M, expenses of $325K, and assets of $3.4M (revenue +264.2% year-over-year).
- 2011: Revenue of $295K, expenses of $367K, and assets of $2.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for One Million Years Foundation Inc:
Data Sources and Methodology
This transparency report for One Million Years Foundation 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.