Milestones Early Learning Center & Preschool

Analysis

Milestones Early Learning Center & Preschool is a registered charity in United States, based in Bloomington, IL. It received its IRS tax-exemption ruling in February 1943, 83 years ago. 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, Milestones Early Learning Center & Preschool reported income of $1.6m and spending of $1.5m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.3m to $1.6m (+29%), an average of +6.6% a year. The sharpest change came in the year to June 2021, when income rose by 45%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Milestones Early Learning Center & Preschool sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within IL. Charities of a similar size with the same main cause include New York City College of Technology Foundation Inc ($1.6m), Youth for Christ USA Inc ($1.6m) and Philadelphia Pentecostal Church ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 78% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $81k (5.5% of expenses). Other salaries and wages came to $779k. At year end it held assets of $2.9m against liabilities of $1.6m, net assets of $1.3m. It reported 57 employees.