Wallace And June Blume Charitable Foundation
Wallace And June Blume Charitable Foundation experiences massive revenue and asset growth in 2023 with no reported officer compensation.
EIN: 200499831 · Colleyville, TX · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $30.4M |
| Total Expenses | $3.4M |
| Program Spending | 90% |
| Net Assets | $30.0M |
| Transparency Score | 85/100 |
Is Wallace And June Blume Charitable Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Wallace And June Blume Charitable Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Wallace And June Blume Charitable Foundation
Wallace And June Blume Charitable Foundation (EIN: 200499831) is a nonprofit organization based in Colleyville, TX, classified under NTEE code T20. The organization reported total revenue of $30.4M and total assets of $53.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wallace And June Blume Charitable Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wallace And June Blume Charitable Foundation is a large nonprofit that has been operating for 22 years, with 9 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 261.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $33.0M |
| Total Expenses | $3.4M |
| Surplus / Deficit | +$29.6M |
| Total Assets | $30.0M |
| Total Liabilities | $7K |
| Net Assets | $30.0M |
| Operating Margin | 89.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 107.6 months |
Financial Health Grade: A
In 2023, Wallace And June Blume Charitable Foundation reported a surplus of $29.6M with revenue exceeding expenses, holds 107.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 9 years of filings (2012–2023), Wallace And June Blume Charitable Foundation's revenue has grown at a compound annual growth rate (CAGR) of 261.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +943.1% | +9.6% | +6893.0% |
| 2022 | +5.3% | +2.6% | +30.8% |
| 2021 | +13.2% | +13.4% | +9.6% |
| 2020 | +10.3% | +6.7% | +7.8% |
| 2019 | +5.3% | +17.7% | +2.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Wallace And June Blume Charitable Foundation with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Wallace And June Blume Charitable Foundation allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $29.6M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation, which is highly favorable for a foundation of its size and suggests a volunteer or externally managed leadership structure.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Wallace And June Blume Charitable Foundation's IRS 990 filings:
- Lack of detailed expense breakdown in provided data makes full spending efficiency assessment difficult.
Strengths
The following positive indicators were identified for Wallace And June Blume Charitable Foundation:
- 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.
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) some concerns. Mission Score: 85/100. 1 red flag identified, 3 strengths noted.
How does Wallace And June Blume Charitable Foundation spend its money?
Wallace And June Blume Charitable Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Wallace And June Blume Charitable Foundation tax-deductible?
Wallace And June Blume Charitable Foundation is registered as a tax-exempt nonprofit (EIN: 200499831). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Wallace And June Blume Charitable Foundation's spending goes to programs?
Wallace And June Blume Charitable Foundation directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Wallace And June Blume Charitable Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Wallace And June Blume Charitable Foundation is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Wallace And June Blume Charitable Foundation located?
Wallace And June Blume Charitable Foundation is headquartered in Colleyville, Texas and files with the IRS under EIN 200499831. It is classified under NTEE code T20.
How many years of IRS 990 filings does Wallace And June Blume Charitable Foundation have?
Wallace And June Blume Charitable Foundation has 9 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $30.4M in total revenue.
What caused the dramatic increase in revenue and assets in the 202309 period?
The IRS 990 filings show a jump from $3,160,352 in revenue and $429,643 in assets in 202209 to $32,966,603 in revenue and $30,045,025 in assets in 202309. This significant increase likely stems from a large donation, endowment, or investment gains, which would be detailed in the full 990 filing.
How does the foundation ensure its programmatic spending is effective without paid officers?
With 0% officer compensation, the foundation likely relies on volunteer leadership, external contractors, or a lean operational model. The effectiveness of programmatic spending would depend on the oversight mechanisms in place and the expertise of those managing the grant-making or program activities.
What are the specific program areas or beneficiaries of the foundation's grants?
The NTEE code T20 indicates 'Philanthropy, Voluntarism, and Grantmaking Foundations.' To understand the specific beneficiaries, one would need to review Schedule I (Grants and Other Assistance to Organizations, Governments, and Individuals in the United States) of the full IRS 990 filing.
Filing History
IRS 990 filing history for Wallace And June Blume Charitable Foundation showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2012–2023), Wallace And June Blume Charitable Foundation's revenue has grown by 137360745.8%, moving from $24 to $33.0M. Total assets increased by 189638.1% over the same period, from $16K to $30.0M. Total functional expenses rose by 378478.6%, from $885 to $3.4M. In its most recent filing year (2023), Wallace And June Blume Charitable Foundation reported a surplus of $29.6M, with revenue exceeding expenses. The organization holds $7K in liabilities against $30.0M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $30.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $33.0M | $3.4M | $30.0M | $7K | — | View 990 |
| 2022 | $3.2M | $3.1M | $430K | $7K | — | View 990 |
| 2021 | $3.0M | $3.0M | $328K | $9K | — | View 990 |
| 2020 | $2.7M | $2.6M | $300K | $1 | — | View 990 |
| 2019 | $2.4M | $2.5M | $278K | $1 | — | View 990 |
| 2015 | $2.3M | $2.1M | $270K | $1 | — | View 990 |
| 2014 | $2.8M | $2.8M | $84K | $1 | — | View 990 |
| 2013 | $18 | $760 | $15K | $1 | — | View 990 |
| 2012 | $24 | $885 | $16K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $33.0M, expenses of $3.4M, and assets of $30.0M (revenue +943.1% year-over-year).
- 2022: Revenue of $3.2M, expenses of $3.1M, and assets of $430K (revenue +5.3% year-over-year).
- 2021: Revenue of $3.0M, expenses of $3.0M, and assets of $328K (revenue +13.2% year-over-year).
- 2020: Revenue of $2.7M, expenses of $2.6M, and assets of $300K (revenue +10.3% year-over-year).
- 2019: Revenue of $2.4M, expenses of $2.5M, and assets of $278K (revenue +5.3% year-over-year).
- 2015: Revenue of $2.3M, expenses of $2.1M, and assets of $270K (revenue -19.7% year-over-year).
- 2014: Revenue of $2.8M, expenses of $2.8M, and assets of $84K (revenue +15769583.3% year-over-year).
- 2013: Revenue of $18, expenses of $760, and assets of $15K (revenue -25.0% year-over-year).
- 2012: Revenue of $24, expenses of $885, and assets of $16K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wallace And June Blume Charitable Foundation:
Data Sources and Methodology
This transparency report for Wallace And June Blume Charitable Foundation 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.