Walden Place Inc

Analysis

Walden Place Inc is a registered charity in United States, based in Frederick, MD. It received its IRS tax-exemption ruling in July 1994, 32 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Walden Place Inc reported income of $68k and spending of $163k, spending 238% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $77k to $68k (-11%), an average of -3.7% a year. Over the whole period it spent 144% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Walden Place Inc sits at the 15th percentile: it is larger than about 15% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 29th percentile within MD. Charities of a similar size with the same main cause include Whippany Jewish Association Forspecial Needs Inc ($68k), Cambridge Homes for Elderly Inc ($69k) and Frederick Douglas Community Development Corp ($68k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 71% and program service revenue 29% of the total. At year end it held assets of $524k against liabilities of $857k, net assets of -$333k.

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.