Milwaukee Catholic Home Inc

Analysis

Milwaukee Catholic Home Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in March 1946, 80 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Milwaukee Catholic Home Inc reported income of $31.8m and spending of $31.2m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $20.3m to $31.8m (+56%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 51%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Milwaukee Catholic Home Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within WI. Charities of a similar size with the same main cause include Kennedy-Donovan Center Inc ($31.8m), Hospice of St Francis Inc ($31.8m) and Childrens Home Society of West Virginia ($31.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.9% and program service revenue 87% of the total. Other salaries and wages came to $17.6m. At year end it held assets of $44.2m against liabilities of $26.1m, net assets of $18.1m. It reported 695 employees.