Walden Environment

Analysis

Walden Environment is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in November 1977, 49 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Walden Environment reported income of $17.6m and spending of $16.6m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.4m to $17.6m (+137%), an average of +24% a year. The sharpest change came in the year to June 2020, when income rose by 131%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Walden Environment sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include Meritan Inc ($17.5m), Mid-Cumberland Human Resource Agency ($17.6m) and Wabash Center Inc ($17.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $471k (2.8% of expenses). Other salaries and wages came to $5.1m. At year end it held assets of $8.0m against liabilities of $2.0m, net assets of $6.0m. It reported 132 employees.