Milken Community School

Analysis

Milken Community School is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in September 1994, 32 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Milken Community School reported income of $48.4m and spending of $47.2m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $35.9m to $48.4m (+35%), an average of +7.8% a year. The sharpest change came in the year to June 2022, when income rose by 27%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Milken Community School sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include Ironton & Lawrence County Area Community Action Organization ($48.2m), Navajo Technical College ($48.5m) and Catholic Charities of Diocese of Albany ($48.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $1.8m (3.7% of expenses). Other salaries and wages came to $18.5m. At year end it held assets of $93.9m against liabilities of $41.7m, net assets of $52.2m. It reported 274 employees.