Walters Art Museum Foundation Inc

Analysis

Walters Art Museum Foundation Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in February 1981, 45 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Walters Art Museum Foundation Inc reported income of $88k and spending of $133k, spending 152% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $114k to $88k (-23%), an average of -6.4% a year. The sharpest change came in the year to June 2021, when income rose by 61%. Over the whole period it spent 143% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Walters Art Museum Foundation Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 35th percentile within MD. Charities of a similar size with the same main cause include Ministry Architecture Inc ($88k), Nevada Veterans Memorial Plaza ($88k) and Sedona Arts Festival ($88k).

At year end it held assets of $2.3m against liabilities of $0, net assets of $2.3m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.