Milestones Area Agency on Aging

Analysis

Milestones Area Agency on Aging is a registered charity in United States, based in Davenport, IA. It received its IRS tax-exemption ruling in July 1989, 37 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, Milestones Area Agency on Aging reported income of $7.2m and spending of $7.3m, spending 102% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $5.6m to $7.2m (+28%), an average of +8.5% a year. The sharpest change came in the year to June 2023, when income rose by 18%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Milestones Area Agency on Aging sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within IA. Charities of a similar size with the same main cause include Under God Ministries ($7.2m), Los Angeles Police Foundation ($7.2m) and Indiana County Community Action Program Inc ($7.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 4.7% of the total. Compensation of current officers, directors and key employees was $152k (2.1% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $1.2m against liabilities of $550k, net assets of $680k. It reported 149 employees.