Milwaukee Regional Innovation Center Inc

Analysis

Milwaukee Regional Innovation Center Inc is a registered charity in United States, based in Wauwatosa, WI. It received its IRS tax-exemption ruling in March 2009, 17 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Regional Innovation Center Inc reported income of $1.4m and spending of $1.1m, leaving 20% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $1.4m (+8.0%), an average of +1.9% a year. The sharpest change came in the year to December 2020, when income dropped by 20%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Milwaukee Regional Innovation Center Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within WI. Charities of a similar size with the same main cause include Willard Library of Evansville ($1.4m), New Horizon School Westside ($1.4m) and Cristo Rey Richmond Corporate Work Study Program Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 74% of the total. Compensation of current officers, directors and key employees was $184k (16% of expenses). Other salaries and wages came to $116k. At year end it held assets of $7.8m against liabilities of $258k, net assets of $7.5m. It reported 4 employees.