Advanced Mila Studies Inc

Analysis

Advanced Mila Studies Inc is a registered charity in United States, based in Lakewood, NJ. It received its IRS tax-exemption ruling in July 2014, 12 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, Advanced Mila Studies Inc reported income of $174k and spending of $99k, leaving 43% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $144k to $174k (+21%), an average of +4.8% a year. The sharpest change came in the year to December 2021, when income rose by 130%. Over the whole period it spent 73% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Advanced Mila Studies Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 58th percentile within NJ. Charities of a similar size with the same main cause include Inside-Out Thrift Store Ministries Inc ($174k), Ascent for Life Inc ($174k) and De Koning Ministries ($174k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% of the total. Compensation of current officers, directors and key employees was $24k (24% of expenses). Other salaries and wages came to $25k. At year end it held assets of $964k against liabilities of $0, net assets of $964k. It reported 3 employees.