Walnut Home Therapeutics Inc

Analysis

Walnut Home Therapeutics Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in April 1996, 30 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Walnut Home Therapeutics Inc reported income of $85.5m and spending of $85.3m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $68.7m to $85.5m (+24%), an average of +5.6% a year. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Walnut Home Therapeutics Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within PA. Charities of a similar size with the same main cause include Healthnet Inc ($85.5m), Cheyenne County Hospital Association Inc ($85.6m) and Mount Desert Island Hospital ($85.5m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $63.4m against liabilities of $17.3m, net assets of $46.1m.