Walter Baker Memorial Trust

Analysis

Walter Baker Memorial Trust is a registered charity in United States, based in Glens Falls, NY. It received its IRS tax-exemption ruling in August 1999, 27 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Walter Baker Memorial Trust reported income of $102k and spending of $70k, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $57k to $102k (+77%), an average of +15% a year. The sharpest change came in the year to December 2020, when income rose by 127%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Walter Baker Memorial Trust sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 37th percentile within NY. Charities of a similar size with the same main cause include Florida Youth Athletics Inc ($102k), Independence Square Apartments Inc ($102k) and Mennonite Bethesba Society Endowment Foundation Inc ($102k).

Compensation of current officers, directors and key employees was $9,741 (14% of expenses). At year end it held assets of $1.0m against liabilities of $0, net assets of $1.0m.