Alexander Milne Developmental Services

Analysis

Alexander Milne Developmental Services is a registered charity in United States, based in Covington, LA. It received its IRS tax-exemption ruling in August 1946, 80 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 December 2023, Alexander Milne Developmental Services reported income of $6.8m and spending of $5.9m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.7m to $6.8m (+150%), an average of +26% a year. The sharpest change came in the year to December 2021, when income rose by 69%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Alexander Milne Developmental Services sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within LA. Charities of a similar size with the same main cause include St Albans Early Childhood Center Inc ($6.8m), The Riverbrook Regional Young Mens Christian Association Inc ($6.8m) and Nutriservice Incorporated ($6.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.9% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $139k (2.4% of expenses). Other salaries and wages came to $3.2m. At year end it held assets of $67.2m against liabilities of $523k, net assets of $66.7m. It reported 161 employees.