Walker Residence Inc

Analysis

Walker Residence Inc is a registered charity in United States, based in Alexandria, MN. It received its IRS tax-exemption ruling in March 1998, 28 years ago. 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 December 2023, Walker Residence Inc reported income of $5.1m and spending of $4.4m, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.8m to $5.1m (+6.3%), an average of +1.5% a year. The sharpest change came in the year to December 2023, when income rose by 22%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Walker Residence Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within MN. Charities of a similar size with the same main cause include Hope Medical Clinic Inc ($5.1m), Serenity House of Memphis Tennessee ($5.1m) and Congressional Sportsmens Foundation ($5.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.6% and program service revenue 91% of the total. Other salaries and wages came to $1.7m. At year end it held assets of $12.3m against liabilities of $17.3m, net assets of -$5.0m. It reported 917 employees.