Greater Milwaukee Foundation Inc

Analysis

Greater Milwaukee Foundation Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in October 1942, 84 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, Greater Milwaukee Foundation Inc reported income of $78.0m and spending of $65.4m, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $122.7m to $78.0m (-36%), an average of -11% a year. The sharpest change came in the year to December 2021, when income rose by 49%. Over the whole period it spent 67% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Greater Milwaukee Foundation Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within WI. Charities of a similar size with the same main cause include Oklahoma City Community Foundation Inc ($77.8m), Stifel Charitable Inc ($79.0m) and United Way of Central Indiana Inc ($77.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% of the total. Compensation of current officers, directors and key employees was $816k (1.2% of expenses). Other salaries and wages came to $6.0m. At year end it held assets of $1.01bn against liabilities of $10.2m, net assets of $995.5m. It reported 79 employees.