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Arts, Culture & Humanities · 2024 Form 990

Walker Art Center Inc: $60.7M Revenue, $22.7M Program Expenses

Minneapolis, Minnesota · EIN 410693929 · Filing year 2024

Walker Art Center Inc reported $60.7M in total revenue, $29.2M in total expenses, and $409.7M in total assets on its 2024 IRS Form 990. 78.0% of expenses ($22.7M) went directly to programs. Top officer compensation is not reported on this 990 filing. Overall efficiency grade: B (68/100).

Source: ProPublica Nonprofit Explorer — IRS Form 990 filings, filing year 2024.

B
Efficiency Score
68/100

Key Facts (2024 Form 990)

Total Revenue
$60.7M
Total Expenses
$29.2M
Program Expenses
$22.7M
Program Expense Ratio
78.0%
Total Assets
$409.7M
Reserve Months
168.6 months
EIN
410693929
Latest 990 Year
2024
Top Officer Compensation
Not reported

The efficiency rubric puts Walker Art Center Inc at a B grade: a composite of 68/100 that lands above the national midpoint. The grade reflects solid program-spending discipline alongside reasonable executive compensation and financial reserves.

Walker Art Center Inc reported $60.7M in 2024 revenue — a mid-sized nonprofit by U.S. standards. Organizations in this bracket typically operate with a small permanent staff, project-based program structures, and modest reserves. Program-spending efficiency is strong: 80% of total expenses flow to program activities, above the 75% benchmark most third-party charity raters use.

Five-year revenue trajectory is strongly positive: Walker Art Center Inc has grown materially in real terms, which usually signals successful fundraising and program expansion. CEO compensation is reported as zero in the filing — typical for nonprofits where the chief executive is paid through a related entity (parent system, university, or foundation) rather than the filing organization itself, or for small organizations whose chief is a volunteer or board member. Walker Art Center Inc sits in the cultural-nonprofit sector (Arts, Culture & Humanities). Museum, performing-arts, and cultural organizations carry distinctive financial patterns — earned revenue from ticket sales and admissions, plus a heavy reliance on endowment income and major donor cycles.


$60.7M
Revenue
$29.2M
Expenses
$409.7M
Total Assets
78.0%
Program Spending

How Walker Art Center Inc Compares

Walker Art Center Inc directs 78.0% of spending to programs, meeting the 65% minimum recommended by charity watchdogs. Its efficiency score of 68/100 is 1 points below the Arts, Culture & Humanities category average. The organization holds 168.6 months of operating reserves, indicating strong financial stability.

Financials

Where Your Donation Goes

$22.7M
Program Spending
78.0% of expenses
Not reported
CEO Compensation
168.6 mo
Reserve Months
of expenses in assets

Based on IRS tax-exempt organization data, for every dollar donated to Walker Art Center Inc, approximately 78.0 cents goes directly to program activities. The remaining funds cover administrative costs, fundraising, and management expenses.

Trend

Revenue History


Walker Art Center Inc has an Efficiency Score of B (68/100). Approximately 78.0% of expenses go directly to program activities, with the remainder covering administration and fundraising.

Walker Art Center Inc, Donor FAQ

Walker Art Center Inc has an Efficiency Score of B (68/100). Approximately 78.0% of expenses go directly to program activities, with the remainder covering administration and fundraising.

CEO/officer compensation for Walker Art Center Inc is not reported in the most recent IRS 990 filing on file.

Walker Art Center Inc reported $60.7M in annual revenue and $29.2M in total expenses for filing year 2024. The organization holds $409.7M in total assets.

For every dollar donated to Walker Art Center Inc, approximately 78.0 cents goes to program activities. The organization has 168.6 months of operating reserves, providing financial stability to sustain its mission.

Walker Art Center Inc is a registered 501(c) organization with EIN 410693929, based in Minneapolis, Minnesota. Financial data is sourced from publicly available IRS 990 filings via ProPublica Nonprofit Explorer.

Sources: IRS 990 Filings, ProPublica Nonprofit Explorer
Last updated:

Financial data is sourced from IRS 990 filings via ProPublica Nonprofit Explorer. Efficiency Scores combine program spending ratio (50%), revenue growth (20%), reserve months (20%), and CEO compensation ratio (10%). Filing data may lag 6-18 months from the tax year.