The Walter Hive

Analysis

The Walter Hive is a registered charity in United States, based in Scottsdale, AZ. It received its IRS tax-exemption ruling in July 2019, 7 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, The Walter Hive reported income of $123k and spending of $254k, spending 206% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $24k to $123k (+412%), an average of +39% a year. The sharpest change came in the year to December 2022, when income rose by 443%. Over the whole period it spent 410% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Walter Hive 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 40th percentile within AZ. Charities of a similar size with the same main cause include Tibetan Language Institute ($123k), Orange County Music Educators Association Inc ($124k) and Covington Three Rivers Art Festival ($123k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $76k (30% of expenses). Other salaries and wages came to $45k. At year end it held assets of $175k against liabilities of $2,124, net assets of $173k. It reported 4 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.