Wallace Foundation For Rural Research And Development
EIN: 421373114 · Lewis, IA · NTEE: J99Z
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 →
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.
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.
Frequently Asked Questions about Wallace Foundation For Rural Research And Development
Is Wallace Foundation For Rural Research And Development a legitimate charity?
Based on AI analysis of IRS 990 filings, Wallace Foundation For Rural Research And Development (EIN: 421373114) insufficient data. 0 red flags identified, 0 strengths noted.
How does Wallace Foundation For Rural Research And Development spend its money?
Detailed spending breakdown data is not yet available for Wallace Foundation For Rural Research And Development. Check back for updated IRS 990 analysis.
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.
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.
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.