Milwaukee Regional Medical Center Thermal Service Inc

Analysis

Milwaukee Regional Medical Center Thermal Service Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Milwaukee Regional Medical Center Thermal Service Inc reported income of $32.3m and spending of $33.9m, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $27.4m to $32.3m (+18%), an average of +4.2% a year. Over the whole period it spent 105% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Milwaukee Regional Medical Center Thermal Service Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within WI. Charities of a similar size with the same main cause include Ladacin Network Inc ($32.3m), Cancer Research Institute Inc ($32.3m) and Montgomery General Hospital Inc ($32.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.4% and program service revenue 99% of the total. At year end it held assets of $230.2m against liabilities of $231.6m, net assets of -$1.4m.

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.