Walpole Footlighters Inc

Analysis

Walpole Footlighters Inc is a registered charity in United States, based in Walpole, MA. It received its IRS tax-exemption ruling in August 1958, 68 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Walpole Footlighters Inc reported income of $77k and spending of $95k, spending 124% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $73k to $77k (+4.7%), an average of +4.7% a year. Over the whole period it spent 125% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Walpole Footlighters Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 38th percentile within MA. Charities of a similar size with the same main cause include Catalysis Society of Metropolitan New Yor Inc ($77k), High Rock Lake River Rats Inc ($77k) and Open Space Music Association Inc ($77k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 9.9% and program service revenue 67% of the total. At year end it held assets of $325k against liabilities of $15k, net assets of $310k.