Wallace Trust Foundation
EIN: 710754251 · Mcgehee, AR · NTEE: B82Z
Is Wallace Trust Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Wallace Trust Foundation
Wallace Trust Foundation (EIN: 710754251) is a nonprofit organization based in Mcgehee, AR, classified under NTEE code B82Z. The organization reported total revenue of $296K and total assets of $251K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wallace Trust Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wallace Trust Foundation is a small nonprofit that has been operating for 31 years, with 7 years of IRS 990 filings on record (2011–2020). Revenue has grown at a compound annual rate of 10.0%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $288K |
| Total Expenses | $288K |
| Surplus / Deficit | +$0 |
| Total Assets | $250K |
| Total Liabilities | $250K |
| Net Assets | $100 |
| Operating Margin | 0.0% |
| Debt-to-Asset Ratio | 100.0% |
| Months of Reserves | 10.4 months |
Financial Health Grade: B
In 2020, Wallace Trust Foundation reported a surplus of $0 with revenue exceeding expenses, holds 10.4 months of operating reserves (strong position), has a debt-to-asset ratio of 100.0% (high leverage).
Financial Trends
Over 7 years of filings (2011–2020), Wallace Trust Foundation's revenue has grown at a compound annual growth rate (CAGR) of 10.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | -2.7% | -2.8% | +0.0% |
| 2019 | +14.7% | +14.9% | +0.0% |
| 2015 | -15.0% | -15.0% | +0.0% |
| 2014 | +141.0% | +143.0% | -50.0% |
| 2013 | +7.4% | +5.7% | +0.0% |
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 Wallace Trust Foundation 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 Trust Foundation 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 (2020)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $0, with revenue exceeding expenses.
- Debt-to-asset ratio: 100.0%.
Frequently Asked Questions about Wallace Trust Foundation
Is Wallace Trust Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Wallace Trust Foundation (EIN: 710754251) insufficient data. 0 red flags identified, 0 strengths noted.
How does Wallace Trust Foundation spend its money?
Detailed spending breakdown data is not yet available for Wallace Trust Foundation. Check back for updated IRS 990 analysis.
Are donations to Wallace Trust Foundation tax-deductible?
Wallace Trust Foundation is registered as a tax-exempt nonprofit (EIN: 710754251). 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 Trust Foundation showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2011–2020), Wallace Trust Foundation's revenue has grown by 135%, moving from $123K to $288K. Total assets decreased by 50% over the same period, from $500K to $250K. Total functional expenses rose by 135%, from $123K to $288K. In its most recent filing year (2020), Wallace Trust Foundation reported a surplus of $0, with revenue exceeding expenses. The organization holds $250K in liabilities against $250K in assets (debt-to-asset ratio: 100.0%), resulting in net assets of $100.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $288K | $288K | $250K | $250K | — | — |
| 2019 | $296K | $296K | $250K | $250K | — | View 990 |
| 2015 | $258K | $258K | $250K | $250K | — | View 990 |
| 2014 | $303K | $303K | $250K | $250K | — | View 990 |
| 2013 | $126K | $125K | $500K | $500K | — | View 990 |
| 2012 | $117K | $118K | $500K | $501K | — | View 990 |
| 2011 | $123K | $123K | $500K | $500K | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $288K, expenses of $288K, and assets of $250K (revenue -2.7% year-over-year).
- 2019: Revenue of $296K, expenses of $296K, and assets of $250K (revenue +14.7% year-over-year).
- 2015: Revenue of $258K, expenses of $258K, and assets of $250K (revenue -15.0% year-over-year).
- 2014: Revenue of $303K, expenses of $303K, and assets of $250K (revenue +141.0% year-over-year).
- 2013: Revenue of $126K, expenses of $125K, and assets of $500K (revenue +7.4% year-over-year).
- 2012: Revenue of $117K, expenses of $118K, and assets of $500K (revenue -4.4% year-over-year).
- 2011: Revenue of $123K, expenses of $123K, and assets of $500K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wallace Trust Foundation:
Data Sources and Methodology
This transparency report for Wallace Trust 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.