Milaan Foundation

Analysis

Milaan Foundation is a registered charity in United States, based in Hampshire, IL. It received its IRS tax-exemption ruling in November 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. 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 September 2023, Milaan Foundation reported income of $810k and spending of $383k, leaving 53% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $49k to $810k (+1546%), an average of +101% a year. The sharpest change came in the year to September 2021, when income rose by 213%. Over the whole period it spent 55% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Milaan Foundation sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 76th percentile within IL. Charities of a similar size with the same main cause include Training Education and Technology Fund of Local No One Iatse ($810k), Greenville Montessori School ($810k) and Real Ongoing Opportunities to Soar ($810k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $14k (3.7% of expenses). Other salaries and wages came to $62k. At year end it held assets of $786k against liabilities of $10k, net assets of $776k.