Greater Milwaukee Committee for Community Development

Analysis

Greater Milwaukee Committee for Community Development is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in May 1950, 76 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, Greater Milwaukee Committee for Community Development reported income of $3.0m and spending of $3.5m, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.0m to $3.0m (+1.8%), an average of +0.4% a year. The sharpest change came in the year to December 2023, when income rose by 23%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Greater Milwaukee Committee for Community Development sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within WI. Charities of a similar size with the same main cause include New School Inc ($3.0m), Appalachian Community Action & Development Agency Inc ($3.0m) and Blacks in Government ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $396k (11% of expenses). Other salaries and wages came to $930k. At year end it held assets of $1.8m against liabilities of $889k, net assets of $934k. It reported 14 employees.