Walker Meadow Retirement Community Inc

Analysis

Walker Meadow Retirement Community Inc is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in May 1996, 30 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Walker Meadow Retirement Community Inc reported income of $306k and spending of $325k, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $295k to $306k (+3.7%), an average of +0.9% a year. The sharpest change came in the year to June 2021, when income dropped by 17%. Over the whole period it spent 122% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Walker Meadow Retirement Community Inc sits at the 47th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 62nd percentile within MI. Charities of a similar size with the same main cause include Carolina Christian Village Homes Inc ($306k), Tyr Development Co ($307k) and Robert McBride House Inc ($306k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Other salaries and wages came to $56k. At year end it held assets of $1.2m against liabilities of $2.5m, net assets of -$1.3m. It reported 3 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.