Fort Wallace Memorial Association

Analysis

Fort Wallace Memorial Association is a registered charity in United States, based in Wallace, KS. It received its IRS tax-exemption ruling in June 1989, 37 years ago. 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, Fort Wallace Memorial Association reported income of $144k and spending of $154k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $116k to $144k (+25%), an average of +5.7% a year. The sharpest change came in the year to December 2021, when income rose by 50%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fort Wallace Memorial Association 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 46th percentile, and in the 45th percentile within KS. Charities of a similar size with the same main cause include Greater Milford Athletic Association ($144k), Northeastern Wisconsin Dance Organization Inc ($144k) and Little League Baseball Inc ($144k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 10% of the total. Other salaries and wages came to $30k. At year end it held assets of $1.4m against liabilities of $46k, net assets of $1.3m. It reported 4 employees.