Walker-Montgomery Community Development Corporation

Analysis

Walker-Montgomery Community Development Corporation is a registered charity in United States, based in New Waverly, TX. It received its IRS tax-exemption ruling in July 2000, 26 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 August 2023, Walker-Montgomery Community Development Corporation reported income of $926k and spending of $863k, spending 93% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $623k to $926k (+49%), an average of +10% a year. The sharpest change came in the year to August 2023, when income rose by 73%. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Walker-Montgomery Community Development Corporation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 82nd percentile within TX. Charities of a similar size with the same main cause include Efficient Government Public Service Inc ($925k), Keeping Konnected Inc ($926k) and Tyler Street Manor Inc ($925k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 57% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $34k (3.9% of expenses). Other salaries and wages came to $65k. At year end it held assets of $714k against liabilities of $29k, net assets of $684k. It reported 4 employees.