Wallace the Pit Bull Foundation

Analysis

Wallace the Pit Bull Foundation is a registered charity in United States, based in Rochester, MN. It received its IRS tax-exemption ruling in May 2015, 11 years ago. Its declared purposes cover animal-related, which this site groups under animals. 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 December 2023, Wallace the Pit Bull Foundation reported income of $56k and spending of $23k, leaving 58% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $49k to $56k (+13%), an average of +13% a year. Over the whole period it spent 36% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Wallace the Pit Bull Foundation sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 18th percentile within MN. Charities of a similar size with the same main cause include Montana Horse Sanctuary ($56k), Green Springs Rod & Gun Club Inc ($56k) and California Miniature Schnauzer Rescue Inc ($56k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 92% of the total. At year end it held assets of $218k against liabilities of $0, net assets of $218k.