Joseph Francis Wallace Tr
EIN: 716157075 · Mcgehee, AR · NTEE: T22Z
Is Joseph Francis Wallace Tr Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Joseph Francis Wallace Tr
Joseph Francis Wallace Tr (EIN: 716157075) is a nonprofit organization based in Mcgehee, AR, classified under NTEE code T22Z. The organization reported total revenue of $330K and total assets of $6.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Joseph Francis Wallace Tr's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Joseph Francis Wallace Tr is a small nonprofit that has been operating for 31 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $333K |
| Total Expenses | $348K |
| Surplus / Deficit | $-14,868 |
| Total Assets | $6.4M |
| Total Liabilities | $1 |
| Net Assets | $6.4M |
| Operating Margin | -4.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 221.3 months |
Financial Health Grade: B
In 2023, Joseph Francis Wallace Tr reported a deficit of $15K with expenses exceeding revenue, holds 221.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Joseph Francis Wallace Tr's revenue has grown at a compound annual growth rate (CAGR) of -0.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.8% | +4.6% | -0.2% |
| 2022 | +0.2% | -1.6% | -0.1% |
| 2021 | -0.6% | +4.7% | -0.2% |
| 2020 | +0.6% | -2.9% | +0.0% |
| 2019 | -68.5% | +1.5% | -0.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1995 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Joseph Francis Wallace Tr has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Joseph Francis Wallace Tr with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $15K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Joseph Francis Wallace Tr
Is Joseph Francis Wallace Tr a legitimate charity?
Based on AI analysis of IRS 990 filings, Joseph Francis Wallace Tr (EIN: 716157075) insufficient data. 0 red flags identified, 0 strengths noted.
How does Joseph Francis Wallace Tr spend its money?
Detailed spending breakdown data is not yet available for Joseph Francis Wallace Tr. Check back for updated IRS 990 analysis.
Are donations to Joseph Francis Wallace Tr tax-deductible?
Joseph Francis Wallace Tr is registered as a tax-exempt nonprofit (EIN: 716157075). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Joseph Francis Wallace Tr showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Joseph Francis Wallace Tr's revenue has declined by 0.3%, moving from $334K to $333K. Total assets increased by 169.5% over the same period, from $2.4M to $6.4M. Total functional expenses rose by 159.5%, from $134K to $348K. In its most recent filing year (2023), Joseph Francis Wallace Tr reported a deficit of $15K, with expenses exceeding revenue. The organization holds $1 in liabilities against $6.4M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $6.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $333K | $348K | $6.4M | $1 | — | — |
| 2022 | $324K | $332K | $6.4M | $1 | — | View 990 |
| 2021 | $323K | $338K | $6.4M | $1 | — | View 990 |
| 2020 | $325K | $322K | $6.4M | $1 | — | — |
| 2019 | $323K | $332K | $6.4M | $1 | — | View 990 |
| 2015 | $1.0M | $327K | $6.5M | $1 | — | View 990 |
| 2014 | $3.6M | $330K | $5.8M | $1 | — | View 990 |
| 2013 | $244K | $302K | $2.5M | $0 | — | View 990 |
| 2012 | $399K | $175K | $2.6M | $0 | — | View 990 |
| 2011 | $334K | $134K | $2.4M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $333K, expenses of $348K, and assets of $6.4M (revenue +2.8% year-over-year).
- 2022: Revenue of $324K, expenses of $332K, and assets of $6.4M (revenue +0.2% year-over-year).
- 2021: Revenue of $323K, expenses of $338K, and assets of $6.4M (revenue -0.6% year-over-year).
- 2020: Revenue of $325K, expenses of $322K, and assets of $6.4M (revenue +0.6% year-over-year).
- 2019: Revenue of $323K, expenses of $332K, and assets of $6.4M (revenue -68.5% year-over-year).
- 2015: Revenue of $1.0M, expenses of $327K, and assets of $6.5M (revenue -71.2% year-over-year).
- 2014: Revenue of $3.6M, expenses of $330K, and assets of $5.8M (revenue +1359.1% year-over-year).
- 2013: Revenue of $244K, expenses of $302K, and assets of $2.5M (revenue -38.9% year-over-year).
- 2012: Revenue of $399K, expenses of $175K, and assets of $2.6M (revenue +19.6% year-over-year).
- 2011: Revenue of $334K, expenses of $134K, and assets of $2.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Joseph Francis Wallace Tr:
Data Sources and Methodology
This transparency report for Joseph Francis Wallace Tr is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.