Milestone Charitable Foundation Inc

Analysis

Milestone Charitable Foundation Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in April 2018, 8 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 December 2023, Milestone Charitable Foundation Inc reported income of $364k and spending of $346k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $192k to $364k (+90%), an average of +17% a year. The sharpest change came in the year to December 2021, when income rose by 74%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Milestone Charitable Foundation Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 61st percentile within NY. Charities of a similar size with the same main cause include Cheval Court Inc ($364k), Trustees of Purdue University ($365k) and St Croix Elderly Housing Inc ($364k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 87% of the total. Compensation of current officers, directors and key employees was $120k (35% of expenses). Other salaries and wages came to $30k. At year end it held assets of $2.0m against liabilities of $1.9m, net assets of $64k.