Walkers Point Center for the Arts

Analysis

Walkers Point Center for the Arts is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in September 2021, 5 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 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, Walkers Point Center for the Arts reported income of $322k and spending of $189k, leaving 41% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $356k to $322k (-9.4%), an average of -3.3% a year. The sharpest change came in the year to December 2022, when income rose by 115%. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Walkers Point Center for the Arts sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within WI. Charities of a similar size with the same main cause include Santa Theresa Tileworks Imago Dei Middle School ($322k), Maridon Museum ($322k) and Foundation for Idaho History Inc ($322k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 7.6% of the total. Compensation of current officers, directors and key employees was $55k (29% of expenses). Other salaries and wages came to $66k. At year end it held assets of $447k against liabilities of $148k, net assets of $299k. It reported 10 employees.