Milwaukee Academy of Medicine Inc

Analysis

Milwaukee Academy of Medicine Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in February 1929, 97 years ago. 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 Academy of Medicine Inc reported income of $93k and spending of $59k, leaving 36% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $37k to $93k (+148%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 80%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Milwaukee Academy of Medicine Inc sits at the 35th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 33rd percentile within WI. Charities of a similar size with the same main cause include Santa Clara Valley Science Fair Asn ($93k), Baldwin Council Against Drug Abuse Inc ($93k) and Fort Liberty Spouses Club ($93k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 11% of the total. At year end it held assets of $698k against liabilities of $1,468, net assets of $697k.