Milwaukee Public Library Foundation Inc

Analysis

Milwaukee Public Library Foundation Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in May 1988, 38 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, Milwaukee Public Library Foundation Inc reported income of $1.8m and spending of $2.2m, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.1m to $1.8m (-11%), an average of -2.8% a year. The sharpest change came in the year to December 2023, when income rose by 48%. Over the whole period it spent 120% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Milwaukee Public Library Foundation Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within WI. Charities of a similar size with the same main cause include Ouachita Council on Aging ($1.8m), Hospice of Green Country Inc ($1.8m) and Catawba Valley Community College Foundation Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $195k (8.8% of expenses). Other salaries and wages came to $411k. At year end it held assets of $3.7m against liabilities of $103k, net assets of $3.6m. It reported 18 employees.