Milwaukee Youth Arts Center Inc

Analysis

Milwaukee Youth Arts Center Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in April 2003, 23 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Milwaukee Youth Arts Center Inc reported income of $1.6m and spending of $2.0m, spending 127% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $5.8m to $1.6m (-73%), an average of -28% a year. The sharpest change came in the year to June 2023, when income rose by 80%. Over the whole period it spent 107% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Milwaukee Youth Arts Center Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within WI. Charities of a similar size with the same main cause include Nantucket Film Foundation Incorporation ($1.6m), The Walls Project ($1.6m) and Pony Express Inc - a National Memorial ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 27% and program service revenue 29% of the total. At year end it held assets of $16.6m against liabilities of $8.2m, net assets of $8.5m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.