Friends of the Medical College of Wisconsin Inc

Analysis

Friends of the Medical College of Wisconsin Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in October 1970, 56 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Friends of the Medical College of Wisconsin Inc reported income of $60k and spending of $33k, leaving 46% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $62k to $60k (-3.4%), an average of -0.9% a year. The sharpest change came in the year to June 2021, when income rose by 74%. Over the whole period it spent 51% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of the Medical College of Wisconsin Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 21st percentile within WI. Charities of a similar size with the same main cause include Fred S Friends Corp ($60k), Sejong Scholarship Foundation of America Inc ($60k) and Fort Dorchester Patriots Band Booster Club ($60k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.5% of the total. At year end it held assets of $915k against liabilities of $0, net assets of $915k.