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
39 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
5 people listed on the 990; $110K 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.
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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.
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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 FY2022 990, line by line.
Download 990
| Line | Start FY22 | End FY22 |
|---|---|---|
| Cash and savingsLn 1–2 | $454K | |
| Total assetsLn 16 | $1.3M | $2.2M |
| LiabilitiesLn 26 | $1.2M | $2.1M |
| Net assetsLn 32 | $109K | $45K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $110K | $110K | ||
| Other salaries and wagesLn 7 | $240K | $240K | ||
| Pension plan contributionsLn 8 | $5K | $5K | ||
| Payroll taxesLn 10 | $15K | $15K | ||
| Legal feesLn 11b | $5K | $5K | ||
| Accounting feesLn 11c | $2K | $2K | ||
| Other fees for servicesLn 11g | $12K | $12K | ||
| Advertising and promotionLn 12 | $16K | $16K | ||
| Information technologyLn 14 | $7K | $7K | ||
| InterestLn 20 | $90K | $90K | ||
| InsuranceLn 23 | $624 | $624 | ||
| Other expenses (24a–d)Ln 24 | $3K | $3K | ||
| All other expensesLn 24e | $2K | $2K | ||
| Total functional expensesLn 25 | $507K | $200K | $307K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $425K | $1.1M | −$632K | −$979K | 990 PDF |
| FY2024 | $272K | $652K | −$380K | −$314K | 990 PDF |
| FY2023 | $364K | $346K | $19K | $64K | 990 PDF |
| FY2022 Viewing | $356K | $507K | −$151K | $45K | 990 PDF |
| FY2021 | $255K | $171K | $84K | $109K | 990 PDF |
| FY2020 | $147K | $107K | $40K | $30K | 990 PDF |
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Schedules filed Part IV
See the full FY2022 990 (6 parts)
Part I · Summary $355,604 revenue, 12 lines filed
Part VI · Governance 4 of 4 board members independent, no flags
Part VIII · Statement of revenue $355,604 across 3 lines filed
Part IX · Statement of functional expenses $506,662 across 13 lines filed
Part X · Balance sheet $2,192,709 assets, 7 lines filed
Part XI · Reconciliation of net assets $45,343 net assets at year end
Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File
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