Milwaukee World Festival Inc
639 E Summerfest Pl, Milwaukee, WI · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $69,991,931 | $75,671,919 | $19,815,863 |
| FY2023 | $75,418,252 | $76,687,189 | $25,321,752 |
| FY2022 | $58,785,504 | $68,081,233 | $26,969,723 |
| FY2021 | $65,443,708 | $65,555,725 | $32,156,366 |
| FY2020 | $5,773,948 | $21,115,166 | $30,913,916 |
| FY2019 | $53,608,239 | $51,423,092 | $48,294,498 |
| FY2018 | $60,430,044 | $50,141,485 | $47,625,078 |
| FY2017 | $52,291,547 | $46,656,479 | $23,112,505 |
| FY2016 | $41,888,660 | $43,038,339 | $17,409,618 |
| FY2015 | $40,982,480 | $42,472,606 | $18,555,227 |
| FY2014 | $38,842,935 | $38,118,724 | $20,119,444 |
| FY2013 | $38,065,374 | $38,019,945 | $19,374,498 |
| FY2012 | $32,403,400 | $35,320,154 | $19,254,122 |
| FY2011 | $33,920,284 | $33,841,972 | $22,170,876 |
Form 990 filings
The returns filed by Milwaukee World Festival Inc (EIN 39-1049688), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $13,737,346 | 20% |
| Program service revenue | $52,184,136 | 75% |
| Other revenue | $4,070,449 | 6% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $68,119,380 | 90% |
| Management & general | $6,606,009 | 9% |
| Fundraising | $946,530 | 1% |
What the numbers show
- Program service revenue made up 75% of total revenue in FY2024.
- Program services accounted for 90% of functional expenses, management & general 9%, and fundraising 1%.
- 90% of functional expenses went to program services in FY2024. That is higher than 90.2% of 907 Arts, Culture & Humanities organizations nationwide (too few in WI for a state comparison).
- Net assets covered about 3.1 months of expenses at the end of the reporting year. That puts it in the 15th percentile among 608 Arts, Culture & Humanities organizations in WI.
- Total revenue was the highest among 611 Arts, Culture & Humanities organizations in WI.
- Total revenue rose from $33,920,284 in FY2011 to $69,991,931 in FY2024. Revenue increased in 8 and decreased in 5 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 8 of 14 reported years (FY2012, FY2015, FY2016, FY2020, FY2021, FY2022, FY2023, FY2024).
- The highest revenue on record here is $75,418,252 in FY2023.
- Net assets declined from $22,170,876 to $19,815,863 between FY2011 and FY2024.
- Contributions and grants made up 11% of revenue in FY2011 and 20% in FY2024.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (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
THE MISSION OF MILWAUKEE WORLD FESTIVAL, INC. IS TO PROMOTE AN UNDERSTANDING OF DIFFERENT ETHNIC CULTURES, THE HISTORIES AND TRADITIONS OF VARIOUS NATIONALITIES, HARMONY IN THE COMMUNITY, CIVIC PRIDE AND PROVIDE A SHOWCASE FOR THE PERFORMING ARTS, ACTIVITIES AND RECREATION FOR THE PUBLIC AND
IRS status
| Ruling year | 1967 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | A680 — Arts, Culture & Humanities |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
Similar organizations
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- Milwaukee Repertory Theater Inc — Milwaukee, WI · $26,509,388
Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 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.
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