Milwaukee Youth Arts Center Inc
Milwaukee Youth Arts Center shows fluctuating revenues and expenses with a recent surge in liabilities despite consistent zero officer compensation.
EIN: 113665475 · Milwaukee, WI · NTEE: A12 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.1M |
| Total Expenses | $2.0M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $15 |
| Net Assets | $8.5M |
| Transparency Score | 75/100 |
Is Milwaukee Youth Arts Center Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Milwaukee Youth Arts Center Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Milwaukee Youth Arts Center Inc
Milwaukee Youth Arts Center Inc (EIN: 113665475) is a nonprofit organization based in Milwaukee, WI, classified under NTEE code A12. The organization reported total revenue of $2.1M and total assets of $15.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Milwaukee Youth Arts Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Milwaukee Youth Arts Center Inc is a mid-size nonprofit that has been operating for 23 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 10.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.6M |
| Total Expenses | $2.0M |
| Surplus / Deficit | $-419,486 |
| Total Assets | $16.6M |
| Total Liabilities | $8.2M |
| Net Assets | $8.5M |
| Operating Margin | -26.8% |
| Debt-to-Asset Ratio | 49.0% |
| Months of Reserves | 100.6 months |
Financial Health Grade: B
In 2023, Milwaukee Youth Arts Center Inc reported a deficit of $419K with expenses exceeding revenue, holds 100.6 months of operating reserves (strong position), has a debt-to-asset ratio of 49.0% (moderate leverage).
Financial Trends
Over 12 years of filings (2012–2023), Milwaukee Youth Arts Center Inc's revenue has grown at a compound annual growth rate (CAGR) of 10.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +79.9% | +33.2% | -2.3% |
| 2022 | -41.5% | -87.4% | -12.6% |
| 2021 | -79.0% | +715.8% | -1.7% |
| 2020 | +21.7% | +9.0% | +39.7% |
| 2019 | +495.6% | +11.5% | +46.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Milwaukee Youth Arts Center Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Milwaukee Youth Arts Center Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $419K, with expenses exceeding revenue.
- Debt-to-asset ratio: 49.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive salaries from the organization, which is highly commendable for an organization with assets exceeding $15 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Milwaukee Youth Arts Center Inc's IRS 990 filings:
- Significant increase in liabilities from $138,121 in 2019 to $8,150,486 in 2023, indicating potential new debt or obligations.
- Highly volatile revenue and expense figures year-over-year, making financial planning and stability challenging (e.g., $7M revenue in 2020 vs. $870K in 2022).
- Substantial deficit in 2021, with expenses ($11.8M) far exceeding revenue ($1.48M), leading to a significant draw on assets or increase in liabilities.
Strengths
The following positive indicators were identified for Milwaukee Youth Arts Center Inc:
- Consistent reporting of 0% officer compensation across all filings, demonstrating excellent financial transparency and commitment to mission-focused spending.
- Substantial asset base, consistently over $15 million in recent years, providing a strong foundation.
- History of significant revenue generation in certain years (e.g., $7.09M in 2020, $5.82M in 2019), indicating capacity for large-scale fundraising.
Frequently Asked Questions about Milwaukee Youth Arts Center Inc
Is Milwaukee Youth Arts Center Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Milwaukee Youth Arts Center Inc (EIN: 113665475) some concerns. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
How does Milwaukee Youth Arts Center Inc spend its money?
Milwaukee Youth Arts Center Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Milwaukee Youth Arts Center Inc tax-deductible?
Milwaukee Youth Arts Center Inc is registered as a tax-exempt nonprofit (EIN: 113665475). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Milwaukee Youth Arts Center Inc CEO make?
Milwaukee Youth Arts Center Inc's highest-compensated officer earns $15 annually. The organization reported $2.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Milwaukee Youth Arts Center Inc's spending goes to programs?
Milwaukee Youth Arts Center Inc directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Milwaukee Youth Arts Center Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Milwaukee Youth Arts Center Inc is above average for NTEE category A12 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Milwaukee Youth Arts Center Inc located?
Milwaukee Youth Arts Center Inc is headquartered in Milwaukee, Wisconsin and files with the IRS under EIN 113665475. It is classified under NTEE code A12.
How many years of IRS 990 filings does Milwaukee Youth Arts Center Inc have?
Milwaukee Youth Arts Center Inc 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 $2.1M in total revenue.
What caused the significant increase in liabilities from approximately $150,000 in 2019 to over $8 million in 2022 and 2023?
The provided data does not specify the nature of these liabilities, but such a dramatic increase warrants scrutiny to understand if it's related to debt, deferred revenue, or other obligations.
Why did expenses surge to $11.8 million in 2021 while revenue was only $1.48 million?
This significant deficit suggests a major one-time expenditure or a period of substantial investment not covered by current revenue, which could impact long-term financial health if not managed effectively.
How does the organization sustain operations with 0% officer compensation?
This suggests that leadership roles might be filled by volunteers, or compensation is covered by a related entity, which is a highly efficient model for donor funds.
What is the primary source of the organization's revenue, given its variability?
The wide swings in revenue (e.g., $7M in 2020 vs. $870K in 2022) suggest reliance on large grants, capital campaigns, or other non-recurring income streams rather than consistent operational revenue.
Filing History
IRS 990 filing history for Milwaukee Youth Arts Center Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Milwaukee Youth Arts Center Inc's revenue has grown by 205%, moving from $514K to $1.6M. Total assets increased by 64.1% over the same period, from $10.1M to $16.6M. Total functional expenses rose by 128.9%, from $867K to $2.0M. In its most recent filing year (2023), Milwaukee Youth Arts Center Inc reported a deficit of $419K, with expenses exceeding revenue. The organization holds $8.2M in liabilities against $16.6M in assets (debt-to-asset ratio: 49.0%), resulting in net assets of $8.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.6M | $2.0M | $16.6M | $8.2M | — | — |
| 2022 | $870K | $1.5M | $17.0M | $8.2M | — | View 990 |
| 2021 | $1.5M | $11.8M | $19.5M | $9.7M | — | View 990 |
| 2020 | $7.1M | $1.5M | $19.8M | $116K | — | View 990 |
| 2019 | $5.8M | $1.3M | $14.2M | $138K | — | View 990 |
| 2018 | $978K | $1.2M | $9.7M | $148K | — | View 990 |
| 2017 | $1.8M | $1.0M | $9.8M | $103K | — | View 990 |
| 2016 | $629K | $865K | $8.9M | $88K | — | View 990 |
| 2015 | $615K | $935K | $9.1M | $127K | — | View 990 |
| 2014 | $599K | $921K | $9.5M | $154K | — | View 990 |
| 2013 | $539K | $870K | $9.8M | $136K | — | View 990 |
| 2012 | $514K | $867K | $10.1M | $167K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.6M, expenses of $2.0M, and assets of $16.6M (revenue +79.9% year-over-year).
- 2022: Revenue of $870K, expenses of $1.5M, and assets of $17.0M (revenue -41.5% year-over-year).
- 2021: Revenue of $1.5M, expenses of $11.8M, and assets of $19.5M (revenue -79.0% year-over-year).
- 2020: Revenue of $7.1M, expenses of $1.5M, and assets of $19.8M (revenue +21.7% year-over-year).
- 2019: Revenue of $5.8M, expenses of $1.3M, and assets of $14.2M (revenue +495.6% year-over-year).
- 2018: Revenue of $978K, expenses of $1.2M, and assets of $9.7M (revenue -45.8% year-over-year).
- 2017: Revenue of $1.8M, expenses of $1.0M, and assets of $9.8M (revenue +186.6% year-over-year).
- 2016: Revenue of $629K, expenses of $865K, and assets of $8.9M (revenue +2.2% year-over-year).
- 2015: Revenue of $615K, expenses of $935K, and assets of $9.1M (revenue +2.7% year-over-year).
- 2014: Revenue of $599K, expenses of $921K, and assets of $9.5M (revenue +11.2% year-over-year).
- 2013: Revenue of $539K, expenses of $870K, and assets of $9.8M (revenue +4.9% year-over-year).
- 2012: Revenue of $514K, expenses of $867K, and assets of $10.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Milwaukee Youth Arts Center Inc:
Data Sources and Methodology
This transparency report for Milwaukee Youth Arts Center 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.