Makerspace of Milwaukee Inc

Analysis

Makerspace of Milwaukee Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in March 2015, 11 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Makerspace of Milwaukee Inc reported income of $420k and spending of $369k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $155k to $420k (+171%), an average of +28% a year. The sharpest change came in the year to December 2021, when income rose by 56%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Makerspace of Milwaukee Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within WI. Charities of a similar size with the same main cause include Gallery 1516 of Regional Artists Inc ($420k), Hawaii Academy of Science ($420k) and Portland Lyric Theater ($420k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $590k against liabilities of $129k, net assets of $461k.