Milwaukee Institute of Art and Design Inc

Analysis

Milwaukee Institute of Art and Design Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in October 1974, 52 years ago. 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 May 2024, Milwaukee Institute of Art and Design Inc reported income of $40.2m and spending of $40.3m, spending 100% of its income. Across the 6 years on record, from May 2019 to May 2024, income grew from $29.9m to $40.2m (+35%), an average of +6.1% a year. The sharpest change came in the year to May 2020, when income rose by 21%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Milwaukee Institute of Art and Design 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 Primecare Community Health Inc ($40.2m), Habitat for Humanity International Inc ($40.2m) and Wreaths Across America ($40.2m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 4.8% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $1.0m (2.5% of expenses). Other salaries and wages came to $10.3m. At year end it held assets of $27.5m against liabilities of $7.9m, net assets of $19.6m. It reported 558 employees.