Nigerian Community in Milwaukee Inc

Analysis

Nigerian Community in Milwaukee Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in August 1998, 28 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Nigerian Community in Milwaukee Inc reported income of $98k and spending of $68k, leaving 31% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $60k to $98k (+63%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 65%. Over the whole period it spent 56% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Nigerian Community in Milwaukee Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 35th percentile within WI. Charities of a similar size with the same main cause include Afscme Training and Education Institute ($98k), National Association of County Human Services Administrators ($98k) and Cedartown Junior Service League Inc ($98k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 52% of the total. At year end it held assets of $491k against liabilities of $169k, net assets of $322k.