Milwaukee Youth Arts Center Foundation Inc

Analysis

Milwaukee Youth Arts Center Foundation Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in September 2021, 5 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Milwaukee Youth Arts Center Foundation Inc reported income of $135k and spending of $296k, spending 219% of what it took in. Across the 3 years on record, from June 2021 to June 2023, income fell from $10.9m to $135k (-99%), an average of -89% a year. The sharpest change came in the year to June 2022, when income dropped by 98%. Over the whole period it spent 12% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Milwaukee Youth Arts Center Foundation Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 44th percentile within WI. Charities of a similar size with the same main cause include Creative Parks Nashville ($135k), Southside Theatre Guild ($135k) and Choral Association of Parents and Students of John Hersey H S Inc ($135k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.5% of the total. At year end it held assets of $9.9m against liabilities of $0, net assets of $9.9m.