Society for the Preservation of the City of Milwaukee

Analysis

Society for the Preservation of the City of Milwaukee is a registered charity in United States, based in Manistee, MI. It received its IRS tax-exemption ruling in September 1998, 28 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Society for the Preservation of the City of Milwaukee reported income of $497k and spending of $189k, leaving 62% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $117k to $497k (+325%), an average of +44% a year. The sharpest change came in the year to December 2022, when income rose by 109%. Over the whole period it spent 59% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Society for the Preservation of the City of Milwaukee sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within MI. Charities of a similar size with the same main cause include Ballad Research Institute ($497k), Fifth Epochal Fellowship Corporation ($498k) and Abilene Philharmonic Foundation ($497k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 22% of the total. Other salaries and wages came to $88k. At year end it held assets of $1.3m against liabilities of $14k, net assets of $1.3m. It reported 9 employees.