Makerspace Of Milwaukee Inc
EIN: 461965092 · Milwaukee, WI · NTEE: U99
| Metric | Value |
|---|---|
| Total Revenue | $452K |
| Total Expenses | $369K |
| Net Assets | $461K |
Is Makerspace Of Milwaukee Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Makerspace Of Milwaukee Inc
Makerspace Of Milwaukee Inc (EIN: 461965092) is a nonprofit organization based in Milwaukee, WI, classified under NTEE code U99. The organization reported total revenue of $452K and total assets of $574K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Makerspace Of Milwaukee Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Makerspace Of Milwaukee Inc is a small nonprofit that has been operating for 11 years, with 10 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of 17.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $420K |
| Total Expenses | $369K |
| Surplus / Deficit | +$51K |
| Total Assets | $590K |
| Total Liabilities | $129K |
| Net Assets | $461K |
| Operating Margin | 12.0% |
| Debt-to-Asset Ratio | 21.8% |
| Months of Reserves | 19.2 months |
Financial Health Grade: A
In 2023, Makerspace Of Milwaukee Inc reported a surplus of $51K with revenue exceeding expenses, holds 19.2 months of operating reserves (strong position), has a debt-to-asset ratio of 21.8% (moderate leverage).
Financial Trends
Over 10 years of filings (2013–2023), Makerspace Of Milwaukee Inc's revenue has grown at a compound annual growth rate (CAGR) of 17.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +41.3% | +14.4% | +9.4% |
| 2022 | +41.7% | +73.4% | -4.3% |
| 2021 | +56.4% | +41.9% | +4.4% |
| 2020 | -13.3% | +43.5% | +0.5% |
| 2019 | +5.4% | -18.6% | +15.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Makerspace Of Milwaukee Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Makerspace Of Milwaukee Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $51K, with revenue exceeding expenses.
- Debt-to-asset ratio: 21.8%.
Frequently Asked Questions about Makerspace Of Milwaukee Inc
Is Makerspace Of Milwaukee Inc a legitimate charity?
Makerspace Of Milwaukee Inc (EIN: 461965092) is a registered tax-exempt nonprofit based in Wisconsin. It has 10 years of IRS 990 filings on record. Total revenue: $452K. No red flags identified. Financial health grade: A.
How does Makerspace Of Milwaukee Inc spend its money?
Makerspace Of Milwaukee Inc reported $452K in total revenue in IRS 990 filings. 10 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Makerspace Of Milwaukee Inc tax-deductible?
Makerspace Of Milwaukee Inc is registered as a tax-exempt nonprofit (EIN: 461965092). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Makerspace Of Milwaukee Inc located?
Makerspace Of Milwaukee Inc is headquartered in Milwaukee, Wisconsin and files with the IRS under EIN 461965092. It is classified under NTEE code U99.
How many years of IRS 990 filings does Makerspace Of Milwaukee Inc have?
Makerspace Of Milwaukee Inc has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $452K in total revenue.
Filing History
IRS 990 filing history for Makerspace Of Milwaukee Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2013–2023), Makerspace Of Milwaukee Inc's revenue has grown by 379.5%, moving from $88K to $420K. Total assets increased by 1437.3% over the same period, from $38K to $590K. Total functional expenses rose by 650.6%, from $49K to $369K. In its most recent filing year (2023), Makerspace Of Milwaukee Inc reported a surplus of $51K, with revenue exceeding expenses. The organization holds $129K in liabilities against $590K in assets (debt-to-asset ratio: 21.8%), resulting in net assets of $461K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $420K | $369K | $590K | $129K | — | View 990 |
| 2022 | $297K | $323K | $539K | $157K | — | View 990 |
| 2021 | $210K | $186K | $564K | $185K | — | — |
| 2020 | $134K | $131K | $540K | $209K | — | View 990 |
| 2019 | $155K | $91K | $537K | $234K | — | View 990 |
| 2018 | $147K | $112K | $466K | $257K | — | View 990 |
| 2017 | $137K | $100K | $431K | $280K | — | View 990 |
| 2016 | $127K | $144K | $402K | $301K | — | View 990 |
| 2014 | $90K | $72K | $56K | $0 | — | View 990 |
| 2013 | $88K | $49K | $38K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $420K, expenses of $369K, and assets of $590K (revenue +41.3% year-over-year).
- 2022: Revenue of $297K, expenses of $323K, and assets of $539K (revenue +41.7% year-over-year).
- 2021: Revenue of $210K, expenses of $186K, and assets of $564K (revenue +56.4% year-over-year).
- 2020: Revenue of $134K, expenses of $131K, and assets of $540K (revenue -13.3% year-over-year).
- 2019: Revenue of $155K, expenses of $91K, and assets of $537K (revenue +5.4% year-over-year).
- 2018: Revenue of $147K, expenses of $112K, and assets of $466K (revenue +7.4% year-over-year).
- 2017: Revenue of $137K, expenses of $100K, and assets of $431K (revenue +7.8% year-over-year).
- 2016: Revenue of $127K, expenses of $144K, and assets of $402K (revenue +40.2% year-over-year).
- 2014: Revenue of $90K, expenses of $72K, and assets of $56K (revenue +3.2% year-over-year).
- 2013: Revenue of $88K, expenses of $49K, and assets of $38K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Makerspace Of Milwaukee Inc:
Data Sources and Methodology
This transparency report for Makerspace Of Milwaukee Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.