John Walt Foundation Inc

Analysis

John Walt Foundation Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in January 2018, 8 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, John Walt Foundation Inc reported income of $124k and spending of $123k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $61k to $124k (+103%), an average of +103% a year. The sharpest change came in the year to December 2023, when income rose by 103%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, John Walt Foundation Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 43rd percentile within IL. Charities of a similar size with the same main cause include Asian American Cohesion Inc ($124k), New York Concert Artists & Associates Inc ($124k) and Queens World Film Initiative Inc ($124k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $105k against liabilities of $376, net assets of $104k.