Historic Milwaukee Inc

Analysis

Historic Milwaukee Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in February 1974, 52 years ago. 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 December 2023, Historic Milwaukee Inc reported income of $439k and spending of $477k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $448k to $439k (-2.1%), an average of -0.5% a year. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Historic Milwaukee Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within WI. Charities of a similar size with the same main cause include Westmoreland County Historical Society ($439k), Shamrock Reins ($439k) and Options for Women St Croix Valley ($439k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $84k (18% of expenses). Other salaries and wages came to $144k. At year end it held assets of $466k against liabilities of $215k, net assets of $251k. It reported 7 employees.