Milwaukee Repertory Theater Inc

Analysis

Milwaukee Repertory Theater Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in March 1957, 69 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 June 2023, Milwaukee Repertory Theater Inc reported income of $39.6m and spending of $15.2m, leaving 62% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $14.9m to $39.6m (+165%), an average of +28% a year. The sharpest change came in the year to June 2022, when income rose by 258%. Over the whole period it spent 58% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Milwaukee Repertory Theater Inc sits at the 99th percentile: it is one of the largest 1% in its cause. 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 Borealis Philanthropy ($39.4m), Franklin Institute ($39.6m) and Detroit Symphony Orchestra Hall Inc ($39.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 77% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $934k (6.1% of expenses). Other salaries and wages came to $6.9m. At year end it held assets of $83.8m against liabilities of $4.6m, net assets of $79.2m. It reported 592 employees.