Wallace Trust
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2018 | 62,434 | 3,086 | 59,348 | 474.6 | — |
| 2019 | 3,698 | 4,618 | −920 | 314.7 | — |
| 2020 | 2,247 | 5,268 | −3,021 | 269.0 | — |
| 2021 | 11 | 415 | −404 | 3403.2 | — |
| 2022 | 11 | 2,850 | −2,839 | 483.6 | — |
| 2023 | 332,271 | 22,460 | 309,811 | 226.9 | 0% |
| 2024 | 80,131 | 29,841 | 50,290 | 191.0 | — |
In its most recent public year (2024), this organization brought in $50,290 more than it spent. Its reserves stood at about 191 months of spending, down from 474.6 in 2018.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2024. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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