Arts, Culture & Humanities
(A34)
IRS Verified
DX Registered
990 on File
RADIO MILWAUKEE INC
Financial strength (30%)
71/100
Reliability (20%)
55/100
Effectiveness (25%)
77/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Mission Statement
Through music and stories created for a culturally open-minded community, Radio Milwaukee is a catalyst for creating a better, more inclusive and engaged Milwaukee. A vibrant community embraces diversity, new ideas and creativity; it nurtures residents to develop into strong, engaged citizens and leaders; it provides opportunities for all people to learn from each other, engage in dialogue and have a voice. Radio Milwaukee is uniquely poised to help Milwaukee realize these qualities of a world-class city through our on-air, online and on-site efforts.
Financial Overview — FY 2024
$5.0M
Total Revenue
$4.1M
Total Expenses
$4.5M
Net Assets
42
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
62.5%
Fundraising Efficiency
1397.0%
Operating Reserve
13.09x
Liability-to-Asset
5.2%
Revenue Diversification
52.9%
Executive Compensation
$268K
Compared with Peers
FY 2024
Compared with 3,458 similar organizations
(United States, Arts, Culture & Humanities, $1M–$10M in expenses), FY 2024.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
62.5% | 77.9% |
P10P90
|
Bottom quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
9.8% | 14.4% |
P10P90
|
Above median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
27.8% | 5.4% |
P10P90
|
Bottom quarter |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
1397.0% | 240.4% |
P10P90
|
Bottom quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
13.1 mo | 16.6 mo |
P10P90
|
Below median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
5.2% | 10.6% |
P10P90
|
Above median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
52.9% | 74.5% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
53.5% | 7.9% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
-7.9% | 8.0% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
16.9% | -0.5% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $5.0M | $4.1M | $4.5M | 62.5% | 42 |
| 2023 | $3.2M | $4.5M | $3.7M | 66.2% | 41 |
| 2022 | $3.6M | $4.0M | $5.0M | 67.6% | 41 |
| 2021 | $3.6M | $3.4M | N/A | — | 33 |
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