Milwaukee Turners Inc

Analysis

Milwaukee Turners 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. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Milwaukee Turners Inc reported income of $1.2m and spending of $1.0m, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $248k to $1.2m (+401%), an average of +50% a year. The sharpest change came in the year to December 2022, when income rose by 154%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Milwaukee Turners Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within WI. Charities of a similar size with the same main cause include Springboard Healthlab ($1.2m), St James Day School ($1.2m) and Montgomery Montessori School Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $80k (7.9% of expenses). Other salaries and wages came to $419k. At year end it held assets of $1.2m against liabilities of $108k, net assets of $1.1m. It reported 40 employees.