Walker West Music Academy

Analysis

Walker West Music Academy is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in March 1991, 35 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Walker West Music Academy reported income of $7.6m and spending of $2.3m, leaving 70% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $479k to $7.6m (+1489%), an average of +74% a year. The sharpest change came in the year to December 2023, when income rose by 318%. Over the whole period it spent 56% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Walker West Music Academy sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within MN. Charities of a similar size with the same main cause include Diocesan Council of Orlando ($7.6m), St Barbaras Memorial Nursing Home Inc ($7.6m) and Samaritan Inn Inc ($7.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 5.9% of the total. Compensation of current officers, directors and key employees was $108k (4.7% of expenses). Other salaries and wages came to $853k. At year end it held assets of $7.2m against liabilities of $484k, net assets of $6.7m. It reported 52 employees.