Greater Milwaukee Foundation Inc
2153 N Dr Martin Luther King Jr Dr, Milwaukee, WI · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $85,176,235 | $85,506,672 | $1,045,588,400 |
| FY2023 | $78,030,106 | $65,430,598 | $995,523,693 |
| FY2022 | $87,591,185 | $89,876,571 | $881,269,845 |
| FY2021 | $151,763,598 | $72,595,421 | $1,090,313,954 |
| FY2020 | $102,077,452 | $70,678,205 | $979,781,385 |
| FY2019 | $122,702,402 | $66,973,746 | $866,987,274 |
| FY2018 | $93,329,711 | $86,357,676 | $723,694,171 |
| FY2017 | $75,579,211 | $102,309,317 | $770,554,319 |
| FY2016 | $72,621,203 | $66,456,578 | $669,676,830 |
| FY2015 | $63,460,552 | $51,011,567 | $638,738,230 |
| FY2014 | $188,511,854 | $39,183,049 | $755,618,952 |
| FY2013 | $87,383,744 | $41,013,131 | $629,588,252 |
| FY2012 | $54,890,862 | $30,602,453 | $523,353,544 |
| FY2011 | $42,305,444 | $30,739,527 | $465,416,102 |
Form 990 filings
The returns filed by Greater Milwaukee Foundation Inc (EIN 39-6036407), 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 | $41,537,233 | 49% |
| Program service revenue | $0 | 0% |
| Other revenue | $43,639,002 | 51% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $73,645,002 | 86% |
| Management & general | $8,597,634 | 10% |
| Fundraising | $3,264,036 | 4% |
What the numbers show
- Other revenue made up 51% of total revenue in FY2024.
- Program services accounted for 86% of functional expenses, management & general 10%, and fundraising 4%.
- 86% of functional expenses went to program services in FY2024. That is higher than 50% of 24 Philanthropy, Voluntarism & Grantmaking Foundations organizations in WI.
- Net assets covered about 146.7 months of expenses at the end of the reporting year. That puts it in the 59th percentile among 1112 Philanthropy, Voluntarism & Grantmaking Foundations organizations in WI.
- Total revenue was higher than 99.6% of 1139 Philanthropy, Voluntarism & Grantmaking Foundations organizations in WI.
- Total revenue rose from $42,305,444 in FY2011 to $85,176,235 in FY2024. Revenue increased in 9 and decreased in 4 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 3 of 14 reported years (FY2017, FY2022, FY2024).
- The highest revenue on record here is $188,511,854 in FY2014.
- Net assets grew from $465,416,102 to $1,045,588,400 between FY2011 and FY2024.
- Contributions and grants made up 56% of revenue in FY2011 and 49% 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
INSPIRING PHILANTHROPY, SERVING DONORS, STRENGTHENING COMMUNITIES, NOW AND FOR FUTURE GENERATIONS.
IRS status
| Ruling year | 1942 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | T310 — Philanthropy, Voluntarism & Grantmaking Foundations (in WI) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
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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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