Milwaukee Film Inc

Analysis

Milwaukee Film Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in March 2009, 17 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 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, Milwaukee Film Inc reported income of $5.0m and spending of $7.5m, spending 150% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $7.5m to $5.0m (-33%), an average of -9.6% a year. The sharpest change came in the year to December 2021, when income rose by 56%. Over the whole period it spent 105% 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 Film Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within WI. Charities of a similar size with the same main cause include Christina Cultural Arts Center Inc ($5.0m), National Western Art Foundation ($5.0m) and The Brick ($5.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $430k (5.7% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $20.4m against liabilities of $14.3m, net assets of $6.1m. It reported 145 employees.