Walker Art Center Inc
725 Vineland Pl, Minneapolis, MN · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $53,518,372 | $31,784,326 | $444,801,229 |
| FY2024 | $60,699,292 | $29,161,653 | $405,621,945 |
| FY2023 | $34,091,695 | $30,039,127 | $359,728,146 |
| FY2022 | $20,987,778 | $24,867,914 | $350,287,251 |
| FY2021 | $50,426,261 | $23,288,485 | $372,710,669 |
| FY2020 | $9,380,363 | $22,729,866 | $301,383,607 |
| FY2019 | $17,740,184 | $25,272,831 | $308,187,383 |
| FY2018 | $25,453,022 | $26,808,114 | $304,238,897 |
| FY2017 | $28,552,243 | $31,054,064 | $298,924,281 |
| FY2016 | $25,422,925 | $26,006,655 | $290,865,672 |
| FY2015 | $27,112,649 | $24,667,758 | $294,337,483 |
| FY2014 | $20,724,066 | $24,419,554 | $283,713,520 |
| FY2013 | $29,128,425 | $22,225,852 | $264,978,794 |
| FY2012 | $21,334,151 | $23,521,743 | $238,247,175 |
Form 990 filings
The returns filed by Walker Art Center Inc (EIN 41-0693929), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $24,833,875 | 46% |
| Program service revenue | $2,609,886 | 5% |
| Other revenue | $26,074,611 | 49% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $21,213,418 | 67% |
| Management & general | $8,799,349 | 28% |
| Fundraising | $1,771,559 | 6% |
What the numbers show
- Other revenue made up 49% of total revenue in FY2025.
- Program services accounted for 67% of functional expenses, management & general 28%, and fundraising 6%.
- 67% of functional expenses went to program services in FY2025. That is higher than 9.5% of 21 Arts, Culture & Humanities organizations in MN.
- Net assets covered about 167.9 months of expenses at the end of the reporting year. That puts it in the 95th percentile among 776 Arts, Culture & Humanities organizations in MN.
- Total revenue was higher than 99.5% of 782 Arts, Culture & Humanities organizations in MN.
- Total revenue rose from $21,334,151 in FY2012 to $53,518,372 in FY2025. Revenue increased in 6 and decreased in 7 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 8 of 14 reported years (FY2012, FY2014, FY2016, FY2017, FY2018, FY2019, FY2020, FY2022).
- The highest revenue on record here is $60,699,292 in FY2024.
- Net assets grew from $238,247,175 to $444,801,229 between FY2012 and FY2025.
- Contributions and grants made up 83% of revenue in FY2012 and 46% in FY2025.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
EMPOWERING PEOPLE TO EXPERIENCE THE ART AND IDEAS OF OUR TIME AND TO IMAGINE THE WORLD IN NEW WAYS.
IRS status
| Ruling year | 1946 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | A200 — Arts, Culture & Humanities (in MN) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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