Meaningful Milestones Academy Inc

Analysis

Meaningful Milestones Academy Inc is a registered charity in United States, based in Umatilla, FL. It received its IRS tax-exemption ruling in April 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Meaningful Milestones Academy Inc reported income of $385k and spending of $316k, spending 82% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $143k to $385k (+169%), an average of +169% a year. The sharpest change came in the year to December 2023, when income rose by 169%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Meaningful Milestones Academy Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 69th percentile within FL. Charities of a similar size with the same main cause include American Modeling Teachers Association ($385k), Parent-Faculty Club of Chaparral School Inc ($385k) and Friends of Hearts for Honduras Foundation Inc ($385k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $17k (5.5% of expenses). Other salaries and wages came to $149k. At year end it held assets of $88k against liabilities of $95k, net assets of -$7,243. It reported 18 employees.