Milwaukee Center for Independence Inc

Analysis

Milwaukee Center for Independence Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in December 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 (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 Center for Independence Inc reported income of $42.4m and spending of $48.7m, spending 115% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $47.7m to $42.4m (-11%), an average of -2.3% a year. Over the whole period it spent 107% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Milwaukee Center for Independence Inc sits at the 99th percentile: it is larger than about 99% 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 Tufts Medicine Care at Home Inc ($42.4m), Carolina Caring Inc ($42.4m) and United Methodist Homes of New Jersey ($42.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.3% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $1.0m (2.1% of expenses). Other salaries and wages came to $16.7m. At year end it held assets of $27.6m against liabilities of $37.3m, net assets of -$9.6m. It reported 703 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.