Greater Milan Initiative

Analysis

Greater Milan Initiative is a registered charity in United States, based in Milan, MN. It received its IRS tax-exemption ruling in April 2009, 17 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Greater Milan Initiative reported income of $68k and spending of $73k, spending 107% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $80k to $68k (-15%), an average of -16% a year. The sharpest change came in the year to December 2023, when income dropped by 15%. Over the whole period it spent 83% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Greater Milan Initiative sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 23rd percentile within MN. Charities of a similar size with the same main cause include Soup for All Inc ($68k), Arbutus Park Manor Auxiliary Inc ($68k) and Wood County Child Protection Board Inc ($68k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 22% and program service revenue 78% of the total. At year end it held assets of $148k against liabilities of $45k, net assets of $103k.