Walker Senior Housing Corporation IX

Analysis

Walker Senior Housing Corporation IX is a registered charity in United States, based in Alexandria, MN. It received its IRS tax-exemption ruling in March 1992, 34 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 Senior Housing Corporation IX reported income of $4.7m and spending of $3.9m, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.2m to $4.7m (+14%), an average of +3.3% a year. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Walker Senior Housing Corporation IX 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 Habitat for Humanity in the Roanoke Valley Inc ($4.7m), Accelerate Great Schools ($4.8m) and Independent Living Choices ($4.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 95% of the total. Other salaries and wages came to $1.8m. At year end it held assets of $11.4m against liabilities of $12.9m, net assets of -$1.5m.