Walnut Grove Cultural Center Inc

Analysis

Walnut Grove Cultural Center Inc is a registered charity in United States, based in West Covina, CA. It received its IRS tax-exemption ruling in December 2011, 15 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, Walnut Grove Cultural Center Inc reported income of $202k and spending of $155k, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $148k to $202k (+36%), an average of +8.0% a year. The sharpest change came in the year to December 2020, when income dropped by 44%. Over the whole period it spent 83% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Walnut Grove Cultural Center Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 56th percentile within CA. Charities of a similar size with the same main cause include Baroque Music Montana Inc ($201k), Vernon Filley Art Museum Foundation ($202k) and Lake Worth Cultural Renaissance Foundation Inc ($201k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 76% of the total. At year end it held assets of $195k against liabilities of $0, net assets of $195k.