Artworks for Milwaukee Inc

Analysis

Artworks for Milwaukee Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in June 2001, 25 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 (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, Artworks for Milwaukee Inc reported income of $332k and spending of $315k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $255k to $332k (+30%), an average of +6.8% a year. The sharpest change came in the year to December 2023, when income rose by 41%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Artworks for Milwaukee Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within WI. Charities of a similar size with the same main cause include Performing Arts Academy of New Braunfels Inc ($332k), Mississippi Metropolitan Ballet ($332k) and Washington State Korean-American Education and Culture Foundation ($332k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $61k (19% of expenses). Other salaries and wages came to $145k. At year end it held assets of $208k against liabilities of $8,926, net assets of $199k. It reported 39 employees.