Walnut Community Center Foundation Inc

Analysis

Walnut Community Center Foundation Inc is a registered charity in United States, based in Walnut, IA. It received its IRS tax-exemption ruling in July 2018, 8 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Walnut Community Center Foundation Inc reported income of $110k and spending of $105k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $100k to $110k (+9.9%), an average of +9.9% a year. Over the whole period it spent 82% 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 Community Center Foundation Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 38th percentile within IA. Charities of a similar size with the same main cause include Celia and Harry Bullen Foundation ($110k), Rita Tranberg Foundation Inc ($110k) and Creative Center Foundation ($110k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 9.2% and program service revenue 50% of the total. At year end it held assets of $127k against liabilities of $0, net assets of $127k.