Wisconsin Agricultural Education Center Inc

Analysis

Wisconsin Agricultural Education Center Inc is a registered charity in United States, based in Manitowoc, WI. It received its IRS tax-exemption ruling in November 2013, 13 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, Wisconsin Agricultural Education Center Inc reported income of $395k and spending of $1.9m, spending 487% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $641k to $395k (-38%), an average of -11% a year. The sharpest change came in the year to December 2021, when income rose by 146%. Over the whole period it spent 317% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Wisconsin Agricultural Education Center Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within WI. Charities of a similar size with the same main cause include Pua Foundation ($395k), Latino Music Education Network ($395k) and Performers Academy Inc ($395k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $110k (5.7% of expenses). Other salaries and wages came to $268k. At year end it held assets of $8.4m against liabilities of $3.8m, net assets of $4.6m. It reported 28 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.