Milwaukee Croatian Tamburitzans

Analysis

Milwaukee Croatian Tamburitzans is a registered charity in United States, based in Pewaukee, WI. It received its IRS tax-exemption ruling in July 2020, 6 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 Croatian Tamburitzans reported income of $76k and spending of $73k, spending 95% of its income. Across the 4 years on record, from December 2018 to December 2023, income fell from $270k to $76k (-72%), an average of -34% a year. The sharpest change came in the year to December 2022, when income dropped by 81%. Over the whole period it spent 111% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Milwaukee Croatian Tamburitzans sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 27th percentile within WI. Charities of a similar size with the same main cause include Society for Preservation & Encrgmnt of Barbershop Quartet Singing Amer ($76k), Theatergames Productions ($76k) and African American Network of Kern County Inc ($76k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 44% of the total. At year end it held assets of $180k against liabilities of $0, net assets of $180k.