Milwaukee Development Corporation
EIN: 930828687 · Milwaukee, WI · NTEE: S113
| Metric | Value |
|---|---|
| Total Revenue | $2.6M |
| Total Expenses | $21.9M |
| Net Assets | $4.6M |
Is Milwaukee Development Corporation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Milwaukee Development Corporation
Milwaukee Development Corporation (EIN: 930828687) is a nonprofit organization based in Milwaukee, WI, classified under NTEE code S113. The organization reported total revenue of $2.6M and total assets of $4.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Milwaukee Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Milwaukee Development Corporation is a mid-size nonprofit that has been operating for 20 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 34.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $21.9M |
| Total Expenses | $21.9M |
| Surplus / Deficit | +$30K |
| Total Assets | $4.7M |
| Total Liabilities | $95K |
| Net Assets | $4.6M |
| Operating Margin | 0.1% |
| Debt-to-Asset Ratio | 2.0% |
| Months of Reserves | 2.6 months |
Financial Health Grade: A
In 2023, Milwaukee Development Corporation reported a surplus of $30K with revenue exceeding expenses, holds 2.6 months of operating reserves (limited), has a debt-to-asset ratio of 2.0% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Milwaukee Development Corporation's revenue has grown at a compound annual growth rate (CAGR) of 34.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -5.7% | -19.9% | +5.0% |
| 2022 | +309.6% | +1727.5% | -72.5% |
| 2021 | +74.8% | -2.2% | +230.1% |
| 2020 | +33.5% | -37.6% | +63.8% |
| 2019 | -17.6% | -40.0% | -5.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Milwaukee Development Corporation 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 Milwaukee Development Corporation 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 $30K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.0%.
Frequently Asked Questions about Milwaukee Development Corporation
Is Milwaukee Development Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Milwaukee Development Corporation (EIN: 930828687) insufficient data. 0 red flags identified, 0 strengths noted.
How does Milwaukee Development Corporation spend its money?
Detailed spending breakdown data is not yet available for Milwaukee Development Corporation. Check back for updated IRS 990 analysis.
Are donations to Milwaukee Development Corporation tax-deductible?
Milwaukee Development Corporation is registered as a tax-exempt nonprofit (EIN: 930828687). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Milwaukee Development Corporation located?
Milwaukee Development Corporation is headquartered in Milwaukee, Wisconsin and files with the IRS under EIN 930828687. It is classified under NTEE code S113.
How many years of IRS 990 filings does Milwaukee Development Corporation have?
Milwaukee Development Corporation has 12 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 $2.6M in total revenue.
Filing History
IRS 990 filing history for Milwaukee Development Corporation showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Milwaukee Development Corporation's revenue has grown by 2412.2%, moving from $872K to $21.9M. Total assets increased by 49.9% over the same period, from $3.1M to $4.7M. Total functional expenses rose by 2379.5%, from $882K to $21.9M. In its most recent filing year (2023), Milwaukee Development Corporation reported a surplus of $30K, with revenue exceeding expenses. The organization holds $95K in liabilities against $4.7M in assets (debt-to-asset ratio: 2.0%), resulting in net assets of $4.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $21.9M | $21.9M | $4.7M | $95K | — | View 990 |
| 2022 | $23.2M | $27.3M | $4.4M | $21K | — | View 990 |
| 2021 | $5.7M | $1.5M | $16.2M | $7.3M | — | — |
| 2020 | $3.2M | $1.5M | $4.9M | $223K | — | View 990 |
| 2019 | $2.4M | $2.4M | $3.0M | $33K | — | View 990 |
| 2018 | $2.9M | $4.1M | $3.2M | $331K | — | View 990 |
| 2017 | $1.9M | $3.8M | $5.1M | $1.1M | — | View 990 |
| 2016 | $4.6M | $2.1M | $5.9M | $28K | — | View 990 |
| 2015 | $1.4M | $1.1M | $3.4M | $74K | — | View 990 |
| 2014 | $941K | $948K | $3.1M | $17K | — | View 990 |
| 2013 | $877K | $910K | $3.1M | $17K | — | View 990 |
| 2012 | $872K | $882K | $3.1M | $26K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $21.9M, expenses of $21.9M, and assets of $4.7M (revenue -5.7% year-over-year).
- 2022: Revenue of $23.2M, expenses of $27.3M, and assets of $4.4M (revenue +309.6% year-over-year).
- 2021: Revenue of $5.7M, expenses of $1.5M, and assets of $16.2M (revenue +74.8% year-over-year).
- 2020: Revenue of $3.2M, expenses of $1.5M, and assets of $4.9M (revenue +33.5% year-over-year).
- 2019: Revenue of $2.4M, expenses of $2.4M, and assets of $3.0M (revenue -17.6% year-over-year).
- 2018: Revenue of $2.9M, expenses of $4.1M, and assets of $3.2M (revenue +54.4% year-over-year).
- 2017: Revenue of $1.9M, expenses of $3.8M, and assets of $5.1M (revenue -58.3% year-over-year).
- 2016: Revenue of $4.6M, expenses of $2.1M, and assets of $5.9M (revenue +224.1% year-over-year).
- 2015: Revenue of $1.4M, expenses of $1.1M, and assets of $3.4M (revenue +50.1% year-over-year).
- 2014: Revenue of $941K, expenses of $948K, and assets of $3.1M (revenue +7.4% year-over-year).
- 2013: Revenue of $877K, expenses of $910K, and assets of $3.1M (revenue +0.5% year-over-year).
- 2012: Revenue of $872K, expenses of $882K, and assets of $3.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Milwaukee Development Corporation:
Data Sources and Methodology
This transparency report for Milwaukee Development Corporation 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.