Wallace Rheumatic Diseases Foundation

Analysis

Wallace Rheumatic Diseases Foundation is a registered charity in United States, based in Beverly Hills, CA. It received its IRS tax-exemption ruling in February 2025. Its declared purposes cover medical research, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2020, Wallace Rheumatic Diseases Foundation reported income of $257k and spending of $297k, spending 115% of what it took in. Across the 2 years on record, from December 2019 to December 2020, income grew from $254k to $257k (+1.4%), an average of +1.4% a year. Over the whole period it spent 105% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Wallace Rheumatic Diseases Foundation sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 61st percentile within CA. Charities of a similar size with the same main cause include Ann Arbor Community Acupuncture Project ($257k), RX Compassion Inc ($258k) and Lifestyle Research Network Inc ($257k).

On its Form 990 for the period ending December 2020, revenue came from contributions and grants 100% of the total. At year end it held assets of $154k against liabilities of $0, net assets of $154k.