The Walls Project

Analysis

The Walls Project is a registered charity in United States, based in Baton Rouge, LA. It received its IRS tax-exemption ruling in January 2015, 11 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 June 2023, The Walls Project reported income of $1.6m and spending of $1.6m, spending 104% of its income. Across the 5 years on record, from December 2019 to June 2023, income grew from $468k to $1.6m (+234%), an average of +35% a year. The sharpest change came in the year to June 2021, when income rose by 112%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Walls Project sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within LA. Charities of a similar size with the same main cause include Milwaukee Youth Arts Center Inc ($1.6m), Independent Media Institute ($1.6m) and Nantucket Film Foundation Incorporation ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 4.4% of the total. Other salaries and wages came to $677k. At year end it held assets of $403k against liabilities of $361k, net assets of $42k. It reported 12 employees.