Wallace Community College Sparks Campus Foundation

Analysis

Wallace Community College Sparks Campus Foundation is a registered charity in United States, based in Eufaula, AL. It received its IRS tax-exemption ruling in April 1990, 36 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Wallace Community College Sparks Campus Foundation reported income of $102k and spending of $48k, leaving 53% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income grew from $54k to $102k (+89%), an average of +24% a year. The sharpest change came in the year to December 2020, when income rose by 84%. Over the whole period it spent 62% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wallace Community College Sparks Campus Foundation sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 36th percentile within AL. Charities of a similar size with the same main cause include Equity-Alliance-Group Inc ($102k), Heights Club Incorporated ($102k) and Madcaps ($102k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% of the total. At year end it held assets of $832k against liabilities of $0, net assets of $832k.