Walsh Park Benevolent Corporation

Analysis

Walsh Park Benevolent Corporation is a registered charity in United States, based in Fishers Isle, NY. It received its IRS tax-exemption ruling in June 1988, 38 years ago. 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 December 2023, Walsh Park Benevolent Corporation reported income of $661k and spending of $739k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.1m to $661k (-69%), an average of -25% a year. The sharpest change came in the year to December 2021, when income dropped by 100%. Over the whole period it spent 59% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Walsh Park Benevolent Corporation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 70th percentile within NY. Charities of a similar size with the same main cause include Burtonsville Volunteer Fire Department Inc ($661k), Portland Toy & Joy Makers Incorporated ($661k) and Junior League of the Woodlands Inc ($661k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% of the total. Other salaries and wages came to $116k. At year end it held assets of $8.9m against liabilities of $39k, net assets of $8.8m. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.