Milan 54 Inc

Analysis

Milan 54 Inc is a registered charity in United States, based in Milan, IN. It received its IRS tax-exemption ruling in August 2000, 26 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Milan 54 Inc reported income of $54k and spending of $61k, spending 112% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $83k to $54k (-35%), an average of -35% a year. The sharpest change came in the year to December 2023, when income dropped by 35%. Over the whole period it spent 153% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Milan 54 Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 18th percentile within IN. Charities of a similar size with the same main cause include North Carolina Basketmakers Association Inc ($54k), Mississippi Historical Society 100 S State St ($54k) and James Burton Foundation ($54k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 63% of the total. At year end it held assets of $346k against liabilities of $0, net assets of $346k.