Wallace Christmas Fund

Analysis

Wallace Christmas Fund is a registered charity in United States, based in Silverton, ID. It received its IRS tax-exemption ruling in February 2021, 5 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Wallace Christmas Fund reported income of $58k and spending of $36k, leaving 38% of income unspent that year. Across the 3 years on record, from December 2020 to December 2023, income fell from $213k to $58k (-73%), an average of -48% a year. The sharpest change came in the year to December 2022, when income dropped by 73%. Over the whole period it spent 31% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Wallace Christmas Fund sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 20th percentile within ID. Charities of a similar size with the same main cause include Dont Give Up Movement ($58k), Echoppe Inc ($58k) and National Charity League Inc San Diego Chapter Mrs Jan Miner ($58k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 81% of the total. At year end it held assets of $225k against liabilities of $0, net assets of $225k.