Walton Retirement Home

Analysis

Walton Retirement Home is a registered charity in United States, based in Barnesville, OH. It received its IRS tax-exemption ruling in February 1996, 30 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2024, Walton Retirement Home reported income of $1.4m and spending of $1.2m, spending 91% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $141k to $1.4m (+857%), an average of +76% a year. The sharpest change came in the year to June 2021, when income rose by 640%. Over the whole period it spent 107% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Walton Retirement Home sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within OH. Charities of a similar size with the same main cause include Alpha House Inc ($1.4m), Reeb Avenue Center ($1.4m) and Hale Hauoli Hawaii ($1.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 7.1% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $79k (6.4% of expenses). Other salaries and wages came to $595k. At year end it held assets of $1.4m against liabilities of $22k, net assets of $1.4m. It reported 38 employees.