Matthew Wallace Foundation

Analysis

Matthew Wallace Foundation is a registered charity in United States, based in Bronxville, NY. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2023, Matthew Wallace Foundation reported income of $160k and spending of $174k, spending 109% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $86k to $160k (+87%), an average of +37% a year. The sharpest change came in the year to December 2023, when income rose by 159%. Over the whole period it spent 114% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Matthew Wallace Foundation sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 47th percentile within NY. Charities of a similar size with the same main cause include Comerica Cares Fund ($160k), Vermont Learning Collaborative Inc ($160k) and Northwest Guilford Band Boosters Inc ($160k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 54% of the total. At year end it held assets of $3,250 against liabilities of $0, net assets of $3,250.