Basics in Milwaukee Inc

Analysis

Basics in Milwaukee Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in September 1997, 29 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Basics in Milwaukee Inc reported income of $237k and spending of $239k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $394k to $237k (-40%), an average of -12% a year. The sharpest change came in the year to December 2022, when income dropped by 26%. Over the whole period it spent 106% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Basics in Milwaukee Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 57th percentile within WI. Charities of a similar size with the same main cause include Carecuts Inc ($237k), Rolla Community Day Care Inc ($237k) and Meals on Wheels Inc of Tarrant County Endowment Fund ($237k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $55k (23% of expenses). Other salaries and wages came to $83k. At year end it held assets of $142k against liabilities of $2,605, net assets of $139k. It reported 6 employees.