First Stage Milwaukee Inc Performing Arts Center

Analysis

First Stage Milwaukee Inc Performing Arts Center is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in September 1989, 37 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 June 2023, First Stage Milwaukee Inc Performing Arts Center reported income of $4.2m and spending of $5.2m, spending 126% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $5.6m to $4.2m (-25%), an average of -7.0% a year. The sharpest change came in the year to June 2023, when income dropped by 18%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, First Stage Milwaukee Inc Performing Arts Center sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within WI. Charities of a similar size with the same main cause include American Society for Psychical Research Inc ($4.2m), Illinois Humanities Council Incorporated ($4.2m) and Festivals for Good Corporation ($4.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 62% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $286k (5.5% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $6.0m against liabilities of $1.4m, net assets of $4.7m. It reported 241 employees.