Museum Center Park Inc

Analysis

Museum Center Park Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in July 2016, 10 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Museum Center Park Inc reported income of $1.9m and spending of $1.9m, spending 100% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $2.0m to $1.9m (-3.2%), an average of -0.8% a year. The sharpest change came in the year to August 2022, when income rose by 133%. Over the whole period it spent 121% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Museum Center Park Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within WI. Charities of a similar size with the same main cause include Society of St Vincent de Paul Our Lady of the Rosary Conference ($1.9m), Read Ahead Inc ($1.9m) and Community Foundation of Union County Inc ($1.9m).

On its Form 990 for the period ending August 2023, revenue came from program service revenue 93% of the total. At year end it held assets of $13.5m against liabilities of $2.0m, net assets of $11.5m.

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.