Walker Area Community Foundation

Analysis

Walker Area Community Foundation is a registered charity in United States, based in Walker, MN. It received its IRS tax-exemption ruling in June 2003, 23 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Walker Area Community Foundation reported income of $122k and spending of $78k, leaving 36% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $120k to $122k (+1.9%), an average of +0.5% a year. The sharpest change came in the year to December 2021, when income rose by 180%. Over the whole period it spent 57% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Walker Area Community Foundation sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 39th percentile within MN. Charities of a similar size with the same main cause include Employee First Fund ($122k), River Kourt Apartments ($122k) and Grant a Dream Foundation ($122k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% of the total. Compensation of current officers, directors and key employees was $3,600 (4.6% of expenses). At year end it held assets of $2.1m against liabilities of $0, net assets of $2.1m.