Wallace Trust

Analysis

Wallace Trust is a registered charity in United States, based in Glenmoore, PA. It received its IRS tax-exemption ruling in September 1999, 27 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2024, Wallace Trust reported income of $80k and spending of $30k, leaving 63% of income unspent that year. Across the 2 years on record, from August 2023 to August 2024, income fell from $332k to $80k (-76%), an average of -76% a year. The sharpest change came in the year to August 2024, when income dropped by 76%. Over the whole period it spent 13% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Wallace Trust sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 29th percentile within PA. Charities of a similar size with the same main cause include Rosebud Continuum Corporation ($80k), Satilla Riverwatch Alliance ($80k) and Whetstone Wood Trust Fund ($80k).

On its Form 990-EZ for the period ending August 2024, revenue came from contributions and grants 92% of the total. At year end it held assets of $475k against liabilities of $0, net assets of $475k.