The Walden Woods Project

Analysis

The Walden Woods Project is a registered charity in United States, based in Lincoln, MA. It received its IRS tax-exemption ruling in May 1995, 31 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 (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, The Walden Woods Project reported income of $7.2m and spending of $2.0m, leaving 72% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.7m to $7.2m (+96%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 377%. Over the whole period it spent 57% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Walden Woods Project sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within MA. Charities of a similar size with the same main cause include Carolina Art Association ($7.2m), This Is the Place Foundation ($7.2m) and Spokane Symphony Society ($7.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. Compensation of current officers, directors and key employees was $157k (7.9% of expenses). Other salaries and wages came to $549k. At year end it held assets of $38.7m against liabilities of $78k, net assets of $38.6m. It reported 19 employees.