Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 2018.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
74 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
8 people listed on the 990; $37K paid to officers and key staff.
Rachel McCarthy’s $138K as President is at the 88th percentile of top reported officer pay among 1043 $100K–1M public & societal benefit nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 5 named individuals · Part VII
| Name | FY2025 | FY2022 | FY2020 |
|---|---|---|---|
| Rachel McCarthy | $137,749 | — | — |
| Erin Waas | — | $110,000 | — |
| Brooke Kibrick | — | — | $32,039 |
| Michael Volpe | $30,925 | — | — |
| Rachel Mathews | — | — | $5,433 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
See Milestone Charitable Foundation INC executive salaries →Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Offers low-interest financial aid to accident victims facing litigation-related distress.
Questions for Milestone Charitable Foundation INC
Your first name shows with your question. Milestone Charitable Foundation INC answers here, for everyone.
Providing low-interest, non-recourse, financial assistance to individuals in need who are suffering from financial distress during the pendency of litigation as a result of a catastrophic accident.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2020 990, line by line.
Download 990
| Line | Start FY20 | End FY20 |
|---|---|---|
| Cash and savingsLn 1–2 | $46K | $19K |
| Total assetsLn 16 | $967K | $1.1M |
| LiabilitiesLn 26 | $977K | $1.1M |
| Net assetsLn 32 | −$10K | $30K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $37K | $37K | ||
| Legal feesLn 11b | $2K | $2K | ||
| Accounting feesLn 11c | $298 | $298 | ||
| Other fees for servicesLn 11g | $5K | $5K | ||
| Advertising and promotionLn 12 | $14K | $14K | ||
| Information technologyLn 14 | $3K | $3K | ||
| TravelLn 17 | $1K | $1K | ||
| InterestLn 20 | $41K | $41K | ||
| Other expenses (24a–d)Ln 24 | $2K | $2K | ||
| Total functional expensesLn 25 | $107K | $79K | $28K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 LatestFiled with the IRS Jul 30, 2026 | $425K | $1.1M | −$632K | −$979K | 990 PDF |
| FY2024Filed with the IRS May 6, 2025 | $272K | $652K | −$380K | −$314K | 990 PDF |
| FY2023Filed with the IRS May 14, 2024 | $364K | $346K | $19K | $64K | 990 PDF |
| FY2022Filed with the IRS May 10, 2023 | $356K | $507K | −$151K | $45K | 990 PDF |
| FY2021Filed with the IRS May 13, 2022 | $255K | $171K | $84K | $109K | 990 PDF |
| FY2020 ViewingFiled with the IRS May 17, 2021 | $147K | $107K | $40K | $30K | 990 PDF |
Schedules filed Part IV
See the full FY2020 990 (6 parts)
Part I · Summary $146,673 revenue, 12 lines filed
Part VI · Governance 8 of 8 board members independent, no flags
Part VIII · Statement of revenue $146,673 across 3 lines filed
Part IX · Statement of functional expenses $106,532 across 9 lines filed
Part X · Balance sheet $1,108,270 assets, 10 lines filed
Part XI · Reconciliation of net assets $30,264 net assets at year end
Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File
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