Milestone Inc

Analysis

Milestone Inc is a registered charity in United States, based in Loves Park, IL. It received its IRS tax-exemption ruling in September 1973, 53 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 June 2023, Milestone Inc reported income of $34.8m and spending of $34.6m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $31.0m to $34.8m (+12%), an average of +2.9% a year. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Milestone Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within IL. Charities of a similar size with the same main cause include Mission Pre-Born Inc ($34.7m), Michigan Masonic Home ($34.8m) and Heartland Family Service ($34.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 9.0% of the total. Compensation of current officers, directors and key employees was $462k (1.3% of expenses). Other salaries and wages came to $22.9m. At year end it held assets of $20.6m against liabilities of $3.8m, net assets of $16.8m. It reported 742 employees.