The Walsh College Foundation

Analysis

The Walsh College Foundation is a registered charity in United States, based in Troy, MI. It received its IRS tax-exemption ruling in May 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. 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 August 2023, The Walsh College Foundation reported income of $1.3m and spending of $1.1m, leaving 20% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $703k to $1.3m (+89%), an average of +17% a year. The sharpest change came in the year to August 2022, when income rose by 83%. Over the whole period it spent 76% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Walsh College Foundation sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within MI. Charities of a similar size with the same main cause include Family Education Resource Ministries ($1.3m), Chess for Success ($1.3m) and Montgomery Christian School ($1.3m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 75% of the total. At year end it held assets of $14.0m against liabilities of $4,056, net assets of $14.0m.