Wallace Foundation For Rural Research And Development
EIN: 421373114 · Lewis, IA · NTEE: J99Z
| Metric | Value |
|---|---|
| Total Revenue | $74K |
| Total Expenses | $102K |
| Net Assets | $1.5M |
Search Intent Cockpit
Wallace Foundation For Rural Research And Development Form 990, Revenue, CEO Pay, and IRS Filing Signals
Wallace Foundation For Rural Research And Development is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Wallace Foundation For Rural Research And Development in one place.
Form 990 Filing Summary
4 filing years are available, with latest revenue of $72K and expenses of $102K.
Revenue and Expenses
Wallace Foundation For Rural Research And Development reported $72K in revenue and $102K in expenses, a deficit of $30K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
Mission score and red-flag review are shown when AI enrichment is available.
Is Wallace Foundation For Rural Research And Development Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
Functional expense detail is not available on the stored filing yet. Existing program percentage and future extracted expense fields will populate this panel.
Across stored filings, Wallace Foundation For Rural Research And Development shows contribution history pending. Next enrichment targets: revenue-source fields, functional expense detail, IRS BMF classification, AI synthesis.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Insufficient Data | Good filing record; no red flags identified |
| Mission spend | Pending | Unknown |
| Financial durability | Grade B | 4 stored filing years |
| Peer context | Compare with Latinas Unidas Por Un Nuevo Amanecer | Iowa and Category J context |
Trust Check
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Lewis, IA nonprofitsCategory J in Iowa
Human Services in Iowa
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About Wallace Foundation For Rural Research And Development
Wallace Foundation For Rural Research And Development (EIN: 421373114) is a nonprofit organization based in Lewis, IA, classified under NTEE code J99Z. The organization reported total revenue of $74K and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wallace Foundation For Rural Research And Development's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wallace Foundation For Rural Research And Development is a micro nonprofit that has been operating for 35 years, with 4 years of IRS 990 filings on record (2020–2023). Revenue has grown at a compound annual rate of 1.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $72K |
| Total Expenses | $102K |
| Surplus / Deficit | $-29,756 |
| Total Assets | $1.5M |
| Total Liabilities | $20K |
| Net Assets | $1.5M |
| Operating Margin | -41.4% |
| Debt-to-Asset Ratio | 1.4% |
| Months of Reserves | 175.0 months |
Financial Health Grade: B
In 2023, Wallace Foundation For Rural Research And Development reported a deficit of $30K with expenses exceeding revenue, holds 175.0 months of operating reserves (strong position), has a debt-to-asset ratio of 1.4% (very low leverage).
Financial Trends
Over 4 years of filings (2020–2023), Wallace Foundation For Rural Research And Development's revenue has grown at a compound annual growth rate (CAGR) of 1.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +25.3% | -1.2% | -1.3% |
| 2022 | -21.6% | -0.7% | -2.9% |
| 2021 | +7.5% | +2.3% | -2.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1991 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Wallace Foundation For Rural Research And Development 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 Wallace Foundation For Rural Research And Development 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 $30K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.4%.
Frequently Asked Questions about Wallace Foundation For Rural Research And Development
Is Wallace Foundation For Rural Research And Development a legitimate charity?
Wallace Foundation For Rural Research And Development (EIN: 421373114) is a registered tax-exempt nonprofit based in Iowa. It has 4 years of IRS 990 filings on record. Total revenue: $74K. No red flags identified. Financial health grade: B.
How does Wallace Foundation For Rural Research And Development spend its money?
Wallace Foundation For Rural Research And Development reported $74K in total revenue in IRS 990 filings. 4 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Wallace Foundation For Rural Research And Development tax-deductible?
Wallace Foundation For Rural Research And Development is registered as a tax-exempt nonprofit (EIN: 421373114). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Wallace Foundation For Rural Research And Development located?
Wallace Foundation For Rural Research And Development is headquartered in Lewis, Iowa and files with the IRS under EIN 421373114. It is classified under NTEE code J99Z.
How many years of IRS 990 filings does Wallace Foundation For Rural Research And Development have?
Wallace Foundation For Rural Research And Development has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $74K in total revenue.
Filing History
IRS 990 filing history for Wallace Foundation For Rural Research And Development showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2020–2023), Wallace Foundation For Rural Research And Development's revenue has grown by 5.6%, moving from $68K to $72K. Total assets decreased by 6.1% over the same period, from $1.6M to $1.5M. Total functional expenses rose by 0.4%, from $101K to $102K. In its most recent filing year (2023), Wallace Foundation For Rural Research And Development reported a deficit of $30K, with expenses exceeding revenue. The organization holds $20K in liabilities against $1.5M in assets (debt-to-asset ratio: 1.4%), resulting in net assets of $1.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $72K | $102K | $1.5M | $20K | — | — |
| 2022 | $57K | $103K | $1.5M | $10K | — | — |
| 2021 | $73K | $103K | $1.5M | $9K | — | — |
| 2020 | $68K | $101K | $1.6M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $72K, expenses of $102K, and assets of $1.5M (revenue +25.3% year-over-year).
- 2022: Revenue of $57K, expenses of $103K, and assets of $1.5M (revenue -21.6% year-over-year).
- 2021: Revenue of $73K, expenses of $103K, and assets of $1.5M (revenue +7.5% year-over-year).
- 2020: Revenue of $68K, expenses of $101K, and assets of $1.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wallace Foundation For Rural Research And Development:
Data Sources and Methodology
This transparency report for Wallace Foundation For Rural Research And Development 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.