Milwaukee Homeless Veterans Initiative Inc

Analysis

Milwaukee Homeless Veterans Initiative Inc is a registered charity in United States, based in West Allis, WI. It received its IRS tax-exemption ruling in July 2012, 14 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable 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 Homeless Veterans Initiative Inc reported income of $1.6m and spending of $1.2m, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $650k to $1.6m (+145%), an average of +25% a year. The sharpest change came in the year to December 2023, when income rose by 80%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Milwaukee Homeless Veterans Initiative Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within WI. Charities of a similar size with the same main cause include Great Falls Council Inc ($1.6m), Nami New Jersey a New Jersey Non Profit Corporation ($1.6m) and East Bay Community Development Corporation ($1.6m).

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 $93k (7.9% of expenses). Other salaries and wages came to $361k. It paid $19k in professional fundraising fees. At year end it held assets of $891k against liabilities of $22k, net assets of $869k. It reported 12 employees.