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Wisconsin · Nonprofit

Historic Haymarket Milwaukee Inc

Historic Haymarket Milwaukee Inc (Wisconsin) receives grants from 55 organizations whose IRS filings report $17,911,277 to it, the largest being PUELICHER FOUNDATION INC AGY ($2,318,000). 25 of them have funded it in more than one year.

Revenue FY2025
$76M
Funders on record
55
Grants received
$18M
Net assets
$25M
25/55 repeat funderspeak grant-dependency 20%
01What it does

What Historic Haymarket Milwaukee Inc does

Mission

Historic haymarket milwaukee hhm exists to invest in, receive, hold, use, and dispose of all property, real or personal, as may be necessary or desireable for the purpose of developing and constructing a permanent museum building.

As stated on its FY2025 Form 990.

Program

On its FY2025 return the organization reported a significant change in how it conducts a program.

In May of 2025, HHM entered into a cooperation and transfer agreement with Wisconsin Museum of Nature and Culture, Inc. ("WMNC"). . After the execution of the cooperation and transfer agreement, HHM's operations are limited to the raising of additional funds, collection of pledges, and transfer of funds collected to WMNC, which owns the museum property and will operate the museum upon completion of the museum building. HHM's primary sources of revenue are derived from contributions, pledges and government grants.

Its own explanation, from Schedule O of that return (Part III, line 3).

  1. In May of 2025, HHM entered into a cooperation and transfer agreement with Wisconsin Museum of Nature and Culture, Inc. ("WMNC") . After the execution of the cooperation and transfer agreement, HHM's operations are limited to the raising of additional funds, collection of pledges, and transfer of funds collected to WMNC, which owns the museum property and will operate the museum upon completion of the museum building. HHM's primary sources of revenue are derived from contributions, pledges and government grants.

    $131,887,390 spentof which $131,344,408 as grants
    100% of program spending

The program described on its FY2025 Form 990. Program spending in total: $131,887,390.

02The organization over time

The organization over time

Each line starts at 100 in 2022, so what you read is the shape rather than the size: 150 means half as much again as 2022, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20222022 Revenue 100 ($19M) Expenses 100 ($8.4M) Net assets 100 ($16M)2023 Revenue 141 ($27M) Expenses 60 ($5.0M) Net assets 233 ($38M)2024 Revenue 244 ($46M) Expenses 49 ($4.1M) Net assets 495 ($81M)2025 Revenue 400 ($76M) Expenses 1570 ($132M) Net assets 152 ($25M)
2022202320242025
Revenue (400)Expenses (1570)Net assets (152)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2024 to 2025, from $103M to $35M (−66%).

$28M
$52M
$103M
$35M
2022202320242025
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2022 1% · 2023 7% · 2024 14% · 2025 84%. Grants only. Government contracts and fees sit inside program revenue.

100% of Historic Haymarket Milwaukee Inc’s revenue is contributions — more reliant on donations than three-quarters of its peers (58% for the typical peer).

This organization
Typical peer · 812 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 4 reported years ran a deficit.

$10M
’22
$22M
’23
$42M
’24
−$56M
’25
0.2
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

2022202320242025
Listed7111112
Joined·+5+0+1
No longer listed·100
03Who funds it

Who funds it, year by year

2021 → 2023: the base broadened from 3 funders to 25 funders, grant income rose $355k → $5.3M.

9 of 55 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 11% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

Left out of every figure on this page: $5.8M from 5 payers (the payer shares this organization's board, largest Greater Milwaukee Foundation Inc). These are real filings, and they are not money Historic Haymarket Milwaukee Inc raised.

From the IRS filings of Historic Haymarket Milwaukee Inc’s funders (the co-funder graph). Top 30 of 55 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

Historic Haymarket Milwaukee Inc has a broad base — no single funder exceeds 13% of grant income, and it takes 6 funders to reach half.

the vertical line marks half of all grant income — 6 funders to its left

13%
largest funder
35%
top three
~16
effective funders

Largest funder’s share by year: 2021 70% · 2022 16% · 2023 40% — diversifying over time.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

93% of Historic Haymarket Milwaukee Inc's grant income comes from Wisconsin funders.

IL
WI
NY
CA
KY

In-state vs out-of-state, by year

’21
’22
’23
Wisconsin out of state home

Funder states come from each funder’s own filing. $1.9M arriving through sponsors registered in 6 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

Historic Haymarket Milwaukee Inc has grown faster than three-quarters of the 550 arts & culture nonprofits its size.

Operating margin−75% · bottom quartile
Months of reserve0.2mo · bottom quartile
Revenue growth (annualized)59% · top quartile

this organization peer median middle 50% of peers· 550 arts & culture nonprofits $10M–$100M, FY2025

Organizations like Historic Haymarket Milwaukee Inc

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Wisconsin

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

100% of spending goes to programs.

Program 100%Management 0%Fundraising 0%

Governance

3
board members
100%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

Public support

0%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 1 state

WI

Screen this organization

A dated, signed PDF of the compliance screen for Historic Haymarket Milwaukee Inc: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds Historic Haymarket Milwaukee Inc?
Historic Haymarket Milwaukee Inc (Wisconsin) receives grants from 55 organizations whose IRS filings report $17,911,277 to it, the largest being PUELICHER FOUNDATION INC AGY ($2,318,000). 25 of them have funded it in more than one year.
How many funders does Historic Haymarket Milwaukee Inc have?
IRS filings report 55 organizations giving $17,911,277 in grants to Historic Haymarket Milwaukee Inc, 25 of which have funded it in more than one year.
Who is the largest funder of Historic Haymarket Milwaukee Inc?
PUELICHER FOUNDATION INC AGY is the largest funder on record, with $2,318,000 in grants. The full list of funders is on this page.
How can an organization like Historic Haymarket Milwaukee Inc find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Wisconsin. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2022–2025), and the filings of 55 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing