THE MEDICAL COLLEGE OF WISCONSIN INC
8701 WATERTOWN PLANK RD, MILWAUKEE, WI · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $1,758,334,139 | $1,682,301,948 | $2,669,199,970 |
| FY2024 | $1,607,441,142 | $1,584,630,058 | $2,456,863,549 |
| FY2023 | $1,485,866,745 | $1,459,941,335 | $2,205,784,204 |
| FY2022 | $1,613,951,767 | $1,375,096,323 | $2,011,631,913 |
| FY2021 | $1,363,134,190 | $1,287,814,092 | $2,341,803,071 |
| FY2020 | $1,286,151,484 | $1,217,951,862 | $1,804,859,631 |
| FY2019 | $1,258,883,721 | $1,179,626,265 | $1,821,686,451 |
| FY2018 | $1,216,120,532 | $1,116,060,114 | $1,767,691,614 |
| FY2017 | $1,144,930,712 | $1,061,080,967 | $1,658,238,226 |
| FY2016 | $1,052,471,372 | $993,553,543 | $1,438,920,196 |
| FY2015 | $1,036,038,159 | $928,128,669 | $1,469,345,530 |
| FY2014 | $990,874,258 | $915,251,004 | $1,401,080,335 |
| FY2013 | $950,823,140 | $902,540,629 | $1,210,461,210 |
| FY2012 | $949,759,390 | $901,934,512 | $1,086,942,866 |
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $226,082,409 | 14% |
| Program service revenue | $1,399,529,898 | 86% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $1,547,551,402 | 92% |
| Management & general | $126,621,524 | 8% |
| Fundraising | $8,129,022 | 0% |
What the numbers show
- Program service revenue made up 86% of total revenue in FY2025.
- Program services accounted for 92% of functional expenses, management & general 8%, and fundraising 0%.
- 92% of functional expenses went to program services in FY2025. That is higher than 85.7% of 56 Education organizations in WI.
- Net assets covered about 19 months of expenses at the end of the reporting year. That puts it in the 46th percentile among 993 Education organizations in WI.
- Total revenue was higher than 100.1% of 1001 Education organizations in WI.
- Total revenue rose from $949,759,390 in FY2012 to $1,758,334,139 in FY2025, Revenue increased in 12 and decreased in 1 of 13 year-over-year comparisons.
- Revenue covered expenses in each of the 14 reported years, FY2012 to FY2025.
- Net assets grew from $1,086,942,866 to $2,669,199,970 between FY2012 and FY2025.
- Donations are generally tax-deductible (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
IRS status
| Ruling year | 1968 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | B430 — Education (in WI) |
| Donations | Donations are generally tax-deductible (public charity). |
Similar organizations
- MARQUETTE UNIVERSITY — MILWAUKEE, WI · $839,982,173
- UNIVERSITY OF WISCONSIN FOUNDATION — MADISON, WI · $680,868,045
- ASCENDIUM EDUCATION SOLUTIONS INC — MADISON, WI · $266,994,248
- MILWAUKEE SCHOOL OF ENGINEERING — MILWAUKEE, WI · $211,353,854
- WISCONSIN ALUMNI RESEARCH FOUNDATION — MADISON, WI · $189,345,562
- CARTHAGE COLLEGE — KENOSHA, WI · $158,664,832
- LAWRENCE UNIVERSITY OF WISCONSIN — APPLETON, WI · $137,939,503
- ST NORBERT COLLEGE INC — DE PERE, WI · $111,632,734
Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded September 20, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
Think something here is wrong or should be removed? Use the contact form — we act on removal requests within 30 days.