Wallace Collection in America

Analysis

Wallace Collection in America is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Collection in America reported income of $130k and spending of $138k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $303k to $130k (-57%), an average of -19% a year. The sharpest change came in the year to December 2023, when income dropped by 42%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Wallace Collection in America sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 42nd percentile within NY. Charities of a similar size with the same main cause include Iba2 Inc ($130k), Multiple Alternative Association of Central Aroostook County Inc ($130k) and Friends of Dolores Mission School ($130k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $398k against liabilities of $0, net assets of $398k.