Milestones Programs for Children Inc

Analysis

Milestones Programs for Children Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in July 1979, 47 years ago. 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 August 2023, Milestones Programs for Children Inc reported income of $5.1m and spending of $5.1m, spending 101% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $4.2m to $5.1m (+21%), an average of +4.9% a year. The sharpest change came in the year to August 2021, when income rose by 41%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Milestones Programs for Children Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within WI. Charities of a similar size with the same main cause include American Indian Health Service of Chicago Inc ($5.1m), Clear Creek Baptist Bible College ($5.1m) and Ramapo Catskill Library System ($5.1m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 11% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $125k (2.5% of expenses). Other salaries and wages came to $3.2m. At year end it held assets of $4.8m against liabilities of $1.9m, net assets of $2.9m. It reported 174 employees.