Walnut Cove Members Association Inc

Analysis

Walnut Cove Members Association Inc is a registered charity in United States, based in Skyland, NC. It received its IRS tax-exemption ruling in March 2013, 13 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Walnut Cove Members Association Inc reported income of $587k and spending of $588k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $378k to $587k (+55%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 36%. Over the whole period it spent 101% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Walnut Cove Members Association Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within NC. Charities of a similar size with the same main cause include California Foundation for Commerce and Education ($586k), United Way of Eastern New Mexico Inc ($587k) and South Haven Community Foundation ($585k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $7,130 against liabilities of $0, net assets of $7,130.