Milan Village Arts School Inc

Analysis

Milan Village Arts School Inc is a registered charity in United States, based in Milan, MN. It received its IRS tax-exemption ruling in March 2006, 20 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Milan Village Arts School Inc reported income of $90k and spending of $91k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $108k to $90k (-17%), an average of -17% a year. The sharpest change came in the year to December 2023, when income dropped by 17%. Over the whole period it spent 85% 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 Village Arts School Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 31st percentile within MN. Charities of a similar size with the same main cause include International Porcelain Artists and Teachers Inc ($90k), Paper Circle ($90k) and Washington Historical Society ($90k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 48% of the total. At year end it held assets of $201k against liabilities of $30k, net assets of $172k.