Madam Walker Legacy Center

Analysis

Madam Walker Legacy Center is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in January 1980, 46 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Madam Walker Legacy Center reported income of $1.4m and spending of $2.0m, spending 139% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.8m to $1.4m (-62%), an average of -22% a year. The sharpest change came in the year to June 2020, when income rose by 169%. Over the whole period it spent 69% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Madam Walker Legacy Center sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within IN. Charities of a similar size with the same main cause include Mast Inc ($1.4m), Nevada City Community Broadcast Group ($1.4m) and Spruce Peak Arts Center Foundation Inc ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 63% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $169k (8.6% of expenses). Other salaries and wages came to $285k. At year end it held assets of $17.3m against liabilities of $8.3m, net assets of $8.9m. It reported 6 employees.