Friends of the Milwaukee Public Library Inc

Analysis

Friends of the Milwaukee Public Library Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in June 1975, 51 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Friends of the Milwaukee Public Library Inc reported income of $64k and spending of $60k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $236k to $64k (-73%), an average of -73% a year. The sharpest change came in the year to December 2023, when income dropped by 73%. Over the whole period it spent 41% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of the Milwaukee Public Library Inc sits at the 25th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 22nd percentile within WI. Charities of a similar size with the same main cause include PTA Georgia Congress ($64k), Claremore Meals on Wheels Inc ($64k) and Academic Board of Trustees of Franklin Academy ($64k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 7.9% of the total. At year end it held assets of $290k against liabilities of $6,335, net assets of $283k.