Walter Reed Society

Analysis

Walter Reed Society is a registered charity in United States, based in Bethesda, MD. It received its IRS tax-exemption ruling in January 1997, 29 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Walter Reed Society reported income of $1.2m and spending of $335k, leaving 73% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $300k to $1.2m (+306%), an average of +42% a year. The sharpest change came in the year to December 2021, when income rose by 434%. Over the whole period it spent 36% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Walter Reed Society 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 81st percentile, and in the 81st percentile within MD. Charities of a similar size with the same main cause include Global Care Force Inc ($1.2m), Lake Taylor Transitional Care Hospital Foundation ($1.2m) and Prime Wellness Community Health Center ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 0.1% of the total. At year end it held assets of $3.2m against liabilities of $3,058, net assets of $3.2m.