Walnut Street Community Health Center Inc

Analysis

Walnut Street Community Health Center Inc is a registered charity in United States, based in Hagerstown, MD. It received its IRS tax-exemption ruling in October 2002, 24 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending February 2024, Walnut Street Community Health Center Inc reported income of $11.3m and spending of $12.8m, spending 114% of what it took in. Across the 5 years on record, from February 2020 to February 2024, income grew from $9.0m to $11.3m (+25%), an average of +5.8% a year. The sharpest change came in the year to February 2022, when income rose by 32%. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Walnut Street Community Health Center Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within MD. Charities of a similar size with the same main cause include Harold Leever Regional Cancer Center Inc ($11.3m), One Mind ($11.3m) and Uconnectcare Inc ($11.3m).

On its Form 990 for the period ending February 2024, revenue came from contributions and grants 22% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $1.1m (8.3% of expenses). Other salaries and wages came to $5.6m. At year end it held assets of $10.4m against liabilities of $1.1m, net assets of $9.3m. It reported 122 employees.