Michael R Walker Foundation

Analysis

Michael R Walker Foundation is a registered charity in United States, based in Kennett SQ, PA. It received its IRS tax-exemption ruling in April 2005, 21 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Michael R Walker Foundation reported income of $300k and spending of $299k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $601k to $300k (-50%), an average of -16% a year. The sharpest change came in the year to December 2021, when income dropped by 37%. Over the whole period it spent 111% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Michael R Walker Foundation sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 60th percentile within PA. Charities of a similar size with the same main cause include Healthy Adventures Foundation ($300k), Community on the Rise ($300k) and Family Hands Foundation Inc ($300k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $84k (28% of expenses). Other salaries and wages came to $51k. At year end it held assets of $300k against liabilities of $6,365, net assets of $294k. It reported 2 employees.