Is Wallace And June Blume Charitable Foundation Legit?
Quick charity verification for Wallace And June Blume Charitable Foundation (EIN: 200499831)
Verdict: Wallace And June Blume Charitable Foundation appears trustworthy
85/100Mission Score
$30.4MRevenue
$53.8MAssets
1Red Flags
3Strengths
Red Flags
Lack of detailed expense breakdown in provided data makes full spending efficiency assessment difficult.
Strengths
Consistent 0% officer compensation, indicating efficient use of funds for leadership.
Significant growth in assets and revenue in the latest period (202309), suggesting strong financial backing.
Low liabilities across most filing periods, indicating good financial management.
Spending Breakdown
How Wallace And June Blume Charitable Foundation allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
5%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Wallace And June Blume Charitable Foundation
Is Wallace And June Blume Charitable Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Wallace And June Blume Charitable Foundation (EIN: 200499831) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 3 strengths noted.
Is Wallace And June Blume Charitable Foundation a good charity to donate to?
Wallace And June Blume Charitable Foundation has a Mission Score of 85/100. Revenue: $30.4M. Assets: $53.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Wallace And June Blume Charitable Foundation?
The Employer Identification Number (EIN) for Wallace And June Blume Charitable Foundation is 200499831. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Wallace And June Blume Charitable Foundation spend its money?
Wallace And June Blume Charitable Foundation allocates 90% to programs, 5% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Wallace And June Blume Charitable Foundation's tax-exempt status?
You can verify Wallace And June Blume Charitable Foundation's tax-exempt status using EIN 200499831 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
The Wallace And June Blume Charitable Foundation demonstrates a highly variable financial trajectory, with a significant surge in revenue and assets in its latest filing (202309) to $32,966,603 and $30,045,025 respectively, from much lower figures in prior years. This substantial increase, particularly in assets, suggests a major endowment or large contributions. The organization consistently reports 0% officer compensation across all available filings, indicating a volunteer-led or externally managed structure, which is a positive sign for minimizing administrative overhead. However, without detailed expense breakdowns beyond total expenses, it's challenging to fully assess spending efficiency between programs, administration, and fundraising. The foundation's financial health appears robust given its substantial asset base and recent revenue growth, but a deeper dive into how these funds are deployed would be beneficial for a complete picture of its programmatic impact and spending efficiency. The lack of officer compensation is a strong indicator of transparency regarding leadership costs.