Milwaukee Ballet Company Inc

Analysis

Milwaukee Ballet Company Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in April 1970, 56 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Milwaukee Ballet Company Inc reported income of $15.3m and spending of $7.4m, leaving 51% of income unspent that year. Across the 4 years on record, from July 2020 to July 2023, income grew from $7.0m to $15.3m (+119%), an average of +30% a year. The sharpest change came in the year to July 2023, when income rose by 61%. Over the whole period it spent 63% 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 Ballet Company Inc sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within WI. Charities of a similar size with the same main cause include Western New York Public Broadcasting Association ($15.2m), Worcester Art Museum ($15.3m) and Arizona Sonora Desert Museum ($15.2m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 70% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $211k (2.8% of expenses). Other salaries and wages came to $3.1m. At year end it held assets of $34.7m against liabilities of $2.0m, net assets of $32.7m. It reported 163 employees.