Milwaukee Symphony Orchestra Foundation

Analysis

Milwaukee Symphony Orchestra Foundation is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in September 1992, 34 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Milwaukee Symphony Orchestra Foundation reported income of $5.8m and spending of $1.1m, leaving 81% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $2.5m to $5.8m (+135%), an average of +24% a year. The sharpest change came in the year to August 2023, when income rose by 1297%. Over the whole period it spent 40% 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 Symphony Orchestra Foundation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within WI. Charities of a similar size with the same main cause include Des Moines Metro Opera Inc ($5.8m), Paul Taylor Dance Foundation Inc ($5.8m) and Washington County Museum of Fine Arts ($5.7m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 91% of the total. At year end it held assets of $24.3m against liabilities of $2,795, net assets of $24.3m.