Milwaukee Center for Independence Foundation Inc

Analysis

Milwaukee Center for Independence Foundation Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in June 2015, 11 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, Milwaukee Center for Independence Foundation Inc reported income of $14.4m and spending of $952k, leaving 93% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $590k to $14.4m (+2337%), an average of +89% a year. The sharpest change came in the year to December 2019, when income rose by 540%. Over the whole period it spent 4.2% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Milwaukee Center for Independence Foundation Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within WI. Charities of a similar size with the same main cause include Fanatics Charitable Foundation ($14.4m), The Catholic Foundation of North Georgia Inc ($14.4m) and Adirondack Community Foundation Inc ($14.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $91.9m against liabilities of $156k, net assets of $91.8m.