Levi Wallace Foundation Inc

Analysis

Levi Wallace Foundation Inc is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in January 2023, 3 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Levi Wallace Foundation Inc reported income of $192k and spending of $32k, leaving 84% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $233k to $192k (-17%), an average of -18% a year. The sharpest change came in the year to December 2023, when income dropped by 17%. Over the whole period it spent 9.9% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Levi Wallace Foundation Inc 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 50th percentile within AZ. Charities of a similar size with the same main cause include Senior Citizens Center ($192k), Wise Avenue Volunteer Fire Company Inc ($192k) and Friends of Falls Church Homeless Shelter Inc ($192k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 1.4% of the total. At year end it held assets of $383k against liabilities of $0, net assets of $383k.