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 |
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $41,537,233 | 100% |
| Program service revenue | $0 | 0% |
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
- Contributions & grants made up 100% 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 47.8% of 23 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 1118 Philanthropy, Voluntarism & Grantmaking Foundations organizations in WI.
- Total revenue was higher than 99.7% of 1145 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.
- 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
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 |
| Donations | Donations are generally tax-deductible (public charity). |
Similar organizations
- THE ROBERT D AND PATRICIA E KERN FAMILY FOUNDATION INC — WAUKESHA, WI · $170,205,304
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.