Wallace Community College Selma Foundation

Analysis

Wallace Community College Selma Foundation is a registered charity in United States, based in Selma, AL. It received its IRS tax-exemption ruling in April 1986, 40 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 September 2023, Wallace Community College Selma Foundation reported income of $192k and spending of $161k, spending 84% of its income. Across the 2 years on record, from September 2022 to September 2023, income grew from $49k to $192k (+289%), an average of +289% a year. The sharpest change came in the year to September 2023, when income rose by 289%. 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, Wallace Community College Selma Foundation sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 54th percentile within AL. Charities of a similar size with the same main cause include Wirt County Emergency Squad Inc ($192k), Aldean Chaplin Memorial Trust ($192k) and Institute for Fisheries Resources ($192k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $467k against liabilities of $0, net assets of $467k.