Walden School Corporation

Analysis

Walden School Corporation is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in February 1976, 50 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Walden School Corporation reported income of $5.1m and spending of $5.3m, spending 105% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.0m to $5.1m (+1.4%), an average of +0.3% a year. The sharpest change came in the year to June 2021, when income rose by 21%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Walden School Corporation sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within KY. Charities of a similar size with the same main cause include Escuela Xochitl Tonatiuh Inc ($5.1m), Indigenous Educational Network of Turtle Island ($5.1m) and America Needs You ($5.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.6% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $231k (4.3% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $6.9m against liabilities of $1.8m, net assets of $5.1m. It reported 98 employees.