Walking with Purpose Inc

Analysis

Walking with Purpose Inc is a registered charity in United States, based in Greenwich, CT. It received its IRS tax-exemption ruling in March 2008, 18 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 April 2023, Walking with Purpose Inc reported income of $2.8m and spending of $2.8m, spending 100% of its income. Across the 5 years on record, from April 2019 to April 2023, income grew from $1.9m to $2.8m (+52%), an average of +11% a year. The sharpest change came in the year to April 2022, when income rose by 37%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Walking with Purpose Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 87th percentile within CT. Charities of a similar size with the same main cause include New Zealand Anglican Church Pension Board ($2.8m), St Francis House of Sioux Falls ($2.8m) and West Alabama Health Services Inc ($2.8m).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 17% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $276k (9.7% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $1.5m against liabilities of $202k, net assets of $1.3m. It reported 35 employees.