Milan USA Academy Incorporated

Analysis

Milan USA Academy Incorporated is a registered charity in United States, based in Saugus, CA. It received its IRS tax-exemption ruling in January 2008, 18 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 USA Academy Incorporated reported income of $260k and spending of $321k, spending 123% of what it took in. Across the 3 years on record, from December 2019 to December 2023, income grew from $223k to $260k (+17%), an average of +8.1% a year. The sharpest change came in the year to December 2022, when income rose by 27%. Over the whole period it spent 102% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Milan USA Academy Incorporated sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 61st percentile within CA. Charities of a similar size with the same main cause include Reading United Soccer Club Inc ($260k), Northwest Youth Baseball Inc ($260k) and Sauk Prairie Youth Hockey Association Inc ($260k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $96k (30% of expenses). Other salaries and wages came to $95k. At year end it held assets of $21k against liabilities of $5,400, net assets of $16k.