Milton Academy

Analysis

Milton Academy is a registered charity in United States, based in Milton, MA. It received its IRS tax-exemption ruling in January 1959, 67 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Milton Academy reported income of $86.2m and spending of $95.3m, spending 111% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $89.9m to $86.2m (-4.1%), an average of -1.0% a year. The sharpest change came in the year to June 2023, when income dropped by 26%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Milton Academy sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MA. Charities of a similar size with the same main cause include Doane University ($86.2m), Vanguard Academy ($86.4m) and Meredith College ($85.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 17% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $1.9m (2.0% of expenses). Other salaries and wages came to $31.2m. It paid $14k in professional fundraising fees. At year end it held assets of $514.7m against liabilities of $86.2m, net assets of $428.6m. It reported 628 employees.