Walnut Hills Redevelopment Foundation Inc

Analysis

Walnut Hills Redevelopment Foundation Inc is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in July 1978, 48 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Walnut Hills Redevelopment Foundation Inc reported income of $1.9m and spending of $1.7m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.8m to $1.9m (-30%), an average of -8.4% a year. The sharpest change came in the year to December 2022, when income rose by 192%. Over the whole period it spent 170% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Walnut Hills Redevelopment Foundation Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within OH. Charities of a similar size with the same main cause include Networks for Training and Development ($1.9m), Resilient Coders Inc ($1.9m) and University District Community Development Association Inc ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $86k (4.9% of expenses). Other salaries and wages came to $183k. At year end it held assets of $7.8m against liabilities of $3.7m, net assets of $4.1m. It reported 3 employees.