The Medical College of Wisconsin Inc

Analysis

The Medical College of Wisconsin Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in November 1968, 58 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, The Medical College of Wisconsin Inc reported income of $1.49bn and spending of $1.46bn, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.26bn to $1.49bn (+18%), an average of +4.2% a year. The sharpest change came in the year to June 2022, when income rose by 18%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Medical College of Wisconsin Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within WI. Charities of a similar size with the same main cause include Baylor University ($1.45bn), Case Western Reserve University ($1.53bn) and Drexel University ($1.41bn).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 14% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $14.9m (1.0% of expenses). Other salaries and wages came to $926.3m. It paid $253k in professional fundraising fees. At year end it held assets of $3.05bn against liabilities of $842.7m, net assets of $2.21bn. It reported 7,887 employees.