Walhalla Civic Auditorium Inc

Analysis

Walhalla Civic Auditorium Inc is a registered charity in United States, based in Walhalla, SC. It received its IRS tax-exemption ruling in March 1995, 31 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Walhalla Civic Auditorium Inc reported income of $2.2m and spending of $1.3m, leaving 43% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $2.2m (+100%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 134%. Over the whole period it spent 82% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Walhalla Civic Auditorium Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 89th percentile within SC. Charities of a similar size with the same main cause include Midwest Community Real Estate Corporation ($2.2m), Palm Beach Civic Association Inc ($2.2m) and Broad Hollow Bioscience Park Inc ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $109k (8.8% of expenses). Other salaries and wages came to $33k. At year end it held assets of $2.8m against liabilities of $0, net assets of $2.8m. It reported 4 employees.