Walnut Hill Properties Corporation

Analysis

Walnut Hill Properties Corporation is a registered charity in United States, based in Medford, MA. It received its IRS tax-exemption ruling in July 1998, 28 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Walnut Hill Properties Corporation reported income of $3.9m and spending of $3.4m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.1m to $3.9m (+26%), an average of +5.9% a year. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Walnut Hill Properties Corporation sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within MA. Charities of a similar size with the same main cause include Myfuturenc Inc ($3.9m), Kellman Brown Academy a New Jersey Corporation ($3.9m) and Library and Information Resources Network Inc ($3.9m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $283k. At year end it held assets of $22.4m against liabilities of $14.5m, net assets of $7.9m. It reported 4 employees.