Milwaukee Youth Arts Center Foundation Inc
EIN: 853869530 · Milwaukee, WI · NTEE: A12
| Metric | Value |
|---|---|
| Total Revenue | $205K |
| Total Expenses | $296K |
| Net Assets | $9.9M |
Is Milwaukee Youth Arts Center Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Milwaukee Youth Arts Center Foundation Inc
Milwaukee Youth Arts Center Foundation Inc (EIN: 853869530) is a nonprofit organization based in Milwaukee, WI, classified under NTEE code A12. The organization reported total revenue of $205K and total assets of $9.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Milwaukee Youth Arts Center Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Milwaukee Youth Arts Center Foundation Inc is a small nonprofit that has been operating for 5 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of -88.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $135K |
| Total Expenses | $296K |
| Surplus / Deficit | $-160,558 |
| Total Assets | $9.9M |
| Net Assets | $9.9M |
| Operating Margin | -118.9% |
| Months of Reserves | 402.5 months |
Financial Health Grade: B
In 2023, Milwaukee Youth Arts Center Foundation Inc reported a deficit of $161K with expenses exceeding revenue, holds 402.5 months of operating reserves (strong position).
Financial Trends
Over 3 years of filings (2021–2023), Milwaukee Youth Arts Center Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -88.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -46.5% | -36.1% | -2.4% |
| 2022 | -97.7% | -25.4% | -1.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2021 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Milwaukee Youth Arts Center Foundation 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 Milwaukee Youth Arts Center Foundation 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 deficit of $161K, with expenses exceeding revenue.
Frequently Asked Questions about Milwaukee Youth Arts Center Foundation Inc
Is Milwaukee Youth Arts Center Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Milwaukee Youth Arts Center Foundation Inc (EIN: 853869530) insufficient data. 0 red flags identified, 0 strengths noted.
How does Milwaukee Youth Arts Center Foundation Inc spend its money?
Detailed spending breakdown data is not yet available for Milwaukee Youth Arts Center Foundation Inc. Check back for updated IRS 990 analysis.
Are donations to Milwaukee Youth Arts Center Foundation Inc tax-deductible?
Milwaukee Youth Arts Center Foundation Inc is registered as a tax-exempt nonprofit (EIN: 853869530). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Milwaukee Youth Arts Center Foundation Inc located?
Milwaukee Youth Arts Center Foundation Inc is headquartered in Milwaukee, Wisconsin and files with the IRS under EIN 853869530. It is classified under NTEE code A12.
How many years of IRS 990 filings does Milwaukee Youth Arts Center Foundation Inc have?
Milwaukee Youth Arts Center Foundation Inc has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $205K in total revenue.
Filing History
IRS 990 filing history for Milwaukee Youth Arts Center Foundation Inc showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Milwaukee Youth Arts Center Foundation Inc's revenue has declined by 98.8%, moving from $10.9M to $135K. Total assets decreased by 3.9% over the same period, from $10.3M to $9.9M. Total functional expenses fell by 52.3%, from $620K to $296K. In its most recent filing year (2023), Milwaukee Youth Arts Center Foundation Inc reported a deficit of $161K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $135K | $296K | $9.9M | $0 | — | — |
| 2022 | $252K | $463K | $10.2M | $83K | — | — |
| 2021 | $10.9M | $620K | $10.3M | $33K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $135K, expenses of $296K, and assets of $9.9M (revenue -46.5% year-over-year).
- 2022: Revenue of $252K, expenses of $463K, and assets of $10.2M (revenue -97.7% year-over-year).
- 2021: Revenue of $10.9M, expenses of $620K, and assets of $10.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Milwaukee Youth Arts Center Foundation Inc:
Data Sources and Methodology
This transparency report for Milwaukee Youth Arts Center Foundation 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.