Historic Third Ward Association Inc

Analysis

Historic Third Ward Association Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in April 1986, 40 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 Third Ward Association Inc reported income of $721k and spending of $737k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $599k to $721k (+20%), an average of +4.7% a year. The sharpest change came in the year to December 2021, when income rose by 18%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Historic Third Ward Association Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 76th percentile within WI. Charities of a similar size with the same main cause include Sherman County Economic Development Inc ($721k), Cook County Higher Education ($721k) and Harrisburg Downtown Improvement District Inc ($720k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $128k (17% of expenses). Other salaries and wages came to $170k. At year end it held assets of $543k against liabilities of $276k, net assets of $267k. It reported 5 employees.