Milwaukee Tennis & Education Foundation Inc

Analysis

Milwaukee Tennis & Education Foundation Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in September 1979, 47 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 Tennis & Education Foundation Inc reported income of $377k and spending of $268k, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $298k to $377k (+27%), an average of +6.1% a year. The sharpest change came in the year to December 2022, when income rose by 24%. Over the whole period it spent 70% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Milwaukee Tennis & Education Foundation Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within WI. Charities of a similar size with the same main cause include Sheriffs Auxiliary Volunteers of the Green Valley District Inc ($377k), Elgin Area Historical Society ($377k) and Transformations by Austin Angels ($377k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 4.1% of the total. Compensation of current officers, directors and key employees was $92k (34% of expenses). Other salaries and wages came to $93k. At year end it held assets of $609k against liabilities of $31k, net assets of $578k. It reported 30 employees.