Milwaukee Community Sailing Center Inc

Analysis

Milwaukee Community Sailing Center Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in December 1978, 48 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 Community Sailing Center Inc reported income of $743k and spending of $768k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $573k to $743k (+30%), an average of +6.7% a year. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Milwaukee Community Sailing Center Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within WI. Charities of a similar size with the same main cause include Blue Ridge Counseling Center ($743k), Blaine County School District Education Foundation ($743k) and Pediatric Health Management Services ($743k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $75k (9.8% of expenses). Other salaries and wages came to $247k. At year end it held assets of $2.7m against liabilities of $129k, net assets of $2.6m. It reported 49 employees.