Milwaukee Public Schools Foundation Incorporated

Analysis

Milwaukee Public Schools Foundation Incorporated is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in June 1998, 28 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Schools Foundation Incorporated reported income of $1.8m and spending of $1.4m, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $1.8m (+0.3%), an average of +0.1% a year. The sharpest change came in the year to December 2020, when income rose by 71%. Over the whole period it spent 91% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Milwaukee Public Schools Foundation Incorporated sits at the 86th percentile: it is larger than about 86% 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 Anthony Community Care Center Inc ($1.8m), Highlands Festivals Inc ($1.8m) and Dignity Freedom Network ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $3.4m against liabilities of $102k, net assets of $3.3m.