Walkgood Inc

Analysis

Walkgood Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in March 2022, 4 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Walkgood Inc reported income of $325k and spending of $301k, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $109k to $325k (+199%), an average of +199% a year. The sharpest change came in the year to December 2023, when income rose by 199%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Walkgood Inc 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 63rd percentile, and in the 65th percentile within CA. Charities of a similar size with the same main cause include Turner Hall of Monroe Inc ($325k), Brave Maker ($325k) and Music Before 1800 Inc ($325k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 10% of the total. At year end it held assets of $117k against liabilities of $65k, net assets of $51k.