Milestones of Development Inc

Analysis

Milestones of Development Inc is a registered charity in United States, based in Vallejo, CA. It received its IRS tax-exemption ruling in May 1986, 40 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 of Development Inc reported income of $5.7m and spending of $6.4m, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.4m to $5.7m (+6.6%), an average of +1.6% a year. The sharpest change came in the year to June 2022, when income dropped by 21%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Milestones of Development Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include YWCA of Charleston West Virginia Inc ($5.7m), Christian Counseling and Educational Foundation ($5.7m) and Jewish Family Service & Childrens Center of Clifton-Passaic Inc ($5.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.0% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $314k (4.9% of expenses). Other salaries and wages came to $3.2m. At year end it held assets of $2.7m against liabilities of $393k, net assets of $2.3m.