Milestone of TN LLC

Analysis

Milestone of TN LLC is a registered charity in United States, based in Cordova, TN. It received its IRS tax-exemption ruling in February 2020, 6 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Milestone of TN LLC reported income of $545k and spending of $552k, spending 101% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $296k to $545k (+84%), an average of +23% a year. The sharpest change came in the year to December 2021, when income rose by 66%. Over the whole period it spent 83% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Milestone of TN LLC sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 73rd percentile within TN. Charities of a similar size with the same main cause include Capitol District Management Association Inc ($544k), Ignite Alabama ($546k) and Vernon Economic Development Association Inc ($544k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 94% of the total. Other salaries and wages came to $446k. At year end it held assets of $0 against liabilities of $0, net assets of $0. It reported 40 employees.