Walker Senior Services Inc

Analysis

Walker Senior Services Inc is a registered charity in United States, based in Alexandria, MN. It received its IRS tax-exemption ruling in November 1994, 32 years ago. 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 December 2023, Walker Senior Services Inc reported income of $4.6m and spending of $12.8m, spending 277% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.7m to $4.6m (+25%), an average of +5.7% a year. The sharpest change came in the year to December 2021, when income rose by 59%. Over the whole period it spent 259% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Walker Senior Services Inc sits at the 91st percentile: it is larger than about 91% 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 Midland Kings Daughters Home of Michigan ($4.6m), Native Prairies Association of Texas ($4.6m) and Finger Lakes Community College Association Inc ($4.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.8% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $724k (5.6% of expenses). Other salaries and wages came to $5.9m. At year end it held assets of $21.5m against liabilities of $26.1m, net assets of -$4.6m. It reported 137 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.