Walden School

Analysis

Walden School is a registered charity in United States, based in Pasadena, CA. It received its IRS tax-exemption ruling in February 1971, 55 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Walden School reported income of $5.7m and spending of $5.4m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.1m to $5.7m (+12%), an average of +2.9% a year. The sharpest change came in the year to June 2022, when income rose by 26%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Walden School sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include St Joseph Community Services Inc ($5.7m), Benedictine Foundation ($5.7m) and Hospice of Fayette Co Inc ($5.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.5% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $453k (8.4% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $10.4m against liabilities of $2.4m, net assets of $8.0m. It reported 59 employees.