Walkaway Foundation

Analysis

Walkaway Foundation is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in August 2019, 7 years ago. Its declared purposes cover public and societal 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 December 2023, Walkaway Foundation reported income of $664k and spending of $885k, spending 133% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $648k to $664k (+2.4%), an average of +0.6% a year. The sharpest change came in the year to December 2020, when income rose by 216%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Walkaway Foundation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within VA. Charities of a similar size with the same main cause include Heralds of Good News of St Paul Inc ($664k), National Christian Charitable Foundation Inc ($664k) and Miller Child Development Center ($664k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $120k (14% of expenses). Other salaries and wages came to $170k. It paid $19k in professional fundraising fees. At year end it held assets of $461k against liabilities of $5,000, net assets of $456k. It reported 5 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.