Walther School Foundation Inc

Analysis

Walther School Foundation Inc is a registered charity in United States, based in W Hollywood, CA. It received its IRS tax-exemption ruling in June 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Walther School Foundation Inc reported income of $424k and spending of $629k, spending 148% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $604k to $424k (-30%), an average of -8.5% a year. The sharpest change came in the year to December 2021, when income rose by 88%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Walther School Foundation Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 69th percentile within CA. Charities of a similar size with the same main cause include Gardiner Library ($424k), Northern Arizona Junior Livestock Association Inc ($424k) and South Carolina Workmens Compensation Educational Associati ($424k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $211k (34% of expenses). Other salaries and wages came to $235k. At year end it held assets of $1.1m against liabilities of $585k, net assets of $559k. It reported 10 employees.