Wal-Mart Associates in Critical Need Fund

Analysis

Wal-Mart Associates in Critical Need Fund is a registered charity in United States, based in Bentonville, AR. It received its IRS tax-exemption ruling in October 2001, 25 years ago. Its declared purposes cover mutual and membership benefit, which this site groups under other charitable 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 January 2024, Wal-Mart Associates in Critical Need Fund reported income of $14.9m and spending of $11.0m, leaving 26% of income unspent that year. Across the 5 years on record, from January 2020 to January 2024, income grew from $13.2m to $14.9m (+13%), an average of +3.1% a year. The sharpest change came in the year to January 2023, when income rose by 18%. Over the whole period it spent 50% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wal-Mart Associates in Critical Need Fund sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within AR. Charities of a similar size with the same main cause include Union Gospel Mission of Yakima Wash ($14.9m), United Way of Long Island ($14.9m) and Memphis Health Center Inc ($14.9m).

On its Form 990 for the period ending January 2024, revenue came from contributions and grants 76% of the total. It paid $49k in professional fundraising fees. At year end it held assets of $84.9m against liabilities of $1.1m, net assets of $83.9m.