American School of Milan

Analysis

American School of Milan is a registered charity in United States, based in Italy. It received its IRS tax-exemption ruling in March 1971, 55 years ago. The IRS classifies it as a school under section 501(c)(3).

In the financial year ending August 2023, American School of Milan reported income of $22.4m and spending of $22.6m, spending 101% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $22.0m to $22.4m (+1.8%), an average of +0.4% a year. The sharpest change came in the year to August 2023, when income rose by 19%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, American School of Milan sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile. Charities of a similar size with the same main cause include KVC Behavioral Healthcare Missouri Inc ($22.4m), The Guidance Center of Westchester Inc ($22.4m) and Blood Bank of Hawaii ($22.4m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 0.7% and program service revenue 87% of the total. Other salaries and wages came to $10.3m. At year end it held assets of $37.4m against liabilities of $31.8m, net assets of $5.6m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.