Devereux Cleo Wallace

Analysis

Devereux Cleo Wallace is a registered charity in United States, based in Westminster, CO. It received its IRS tax-exemption ruling in July 1950, 76 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 June 2023, Devereux Cleo Wallace reported income of $7.5m and spending of $9.1m, spending 122% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $14.4m to $7.5m (-48%), an average of -15% a year. The sharpest change came in the year to June 2022, when income dropped by 45%. Over the whole period it spent 120% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Devereux Cleo Wallace sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within CO. Charities of a similar size with the same main cause include California Autism Foundation ($7.5m), Eagle Ranch Inc ($7.5m) and South County Health Foundation ($7.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.4% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $65k (0.7% of expenses). Other salaries and wages came to $4.9m. At year end it held assets of $4.4m against liabilities of $16.7m, net assets of -$12.3m. It reported 225 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.