Dwane L and Velma Lunt Wallace
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Declining revenue
Dwane L and Velma Lunt Wallace is a 501(c)(3) organization based in Wichita, Kansas, registered in 1989, with $4,014,925 in FY2024 revenue. CharityIndex grades it B.
Po Box 818, Wichita, KS, 67201 EIN 48-1071478 Since 1989
Revenue (FY2024)
$4.0M
▲ 15.1% vs prior year
Expenses (FY2024)
$4.3M
Net assets
$55.7M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Dwane L and Velma Lunt Wallace— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating157 mo reserves · -6% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Dwane L and Velma Lunt Wallace: 157 mo reserves · -6% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Dwane L and Velma Lunt Wallace— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Dwane L and Velma Lunt Wallace: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue grew from $794K (FY2013) to $4.0M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $55.7M
Operating margin
-6.3%
Spent more than it raised in the latest fiscal year.
Total assets
$55.7M
Total liabilities
$0
Net assets
$55.7M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $4,014,925▲15.1% | $4,267,431▲12.1% | $55,690,423▼0.4% | $55,690,423▼0.4% | 990PF |
| 2023 | $3,488,317▲13.6% | $3,807,017▼14.6% | $55,938,181▼0.6% | $55,938,181▼0.6% | 990PF |
| 2022 | $3,071,474▼53.3% | $4,455,794▲18.4% | $56,293,169▼2.6% | $56,293,169▼2.6% | 990PF |
| 2021 | $6,576,935▲282% | $3,764,181▲4.7% | $57,808,062▲5.0% | $57,808,062▲5.0% | 990PF |
| 2020 | $1,720,151▲57.0% | $3,593,719▲4.8% | $55,049,284▼3.2% | $55,049,284▼3.2% | 990PF |
| 2019 | $1,095,877▼69.7% | $3,427,548▼7.0% | $56,895,613▼4.0% | $56,895,613▼4.0% | 990PF |
| 2018 | $3,616,505▼30.3% | $3,685,965▲13.2% | $59,237,836▼0.2% | $59,237,836▼0.2% | 990PF |
| 2017 | $5,186,089▲562% | $3,257,032▲11.0% | $59,330,750▲3.2% | $59,330,750▲3.2% | 990PF |
| 2016 | $782,947▼56.8% | $2,934,244▲287% | $57,491,305▼2.6% | $57,491,305▼2.6% | 990PF |
| 2015 | $1,813,299▲114% | $757,765▲13.9% | $59,055,324▲682% | $59,055,324▲682% | 990PF |
| 2014 | $848,965▲7.0% | $665,457▲49.5% | $7,553,019▼0.1% | $7,553,019▼0.1% | 990PF |
| 2013 | $793,600 | $445,186▼18.4% | $7,559,579▲7.7% | $7,559,579▲7.7% | 990PF |
| 2012 | — | $545,400▲14.7% | $7,017,412▼2.8% | $7,017,412▼2.8% | 990PF |
| 2011 | — | $475,614 | $7,220,177 | $7,220,177 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is Dwane L and Velma Lunt Wallace a legitimate nonprofit?
- Yes. Dwane L and Velma Lunt Wallace is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 48-1071478, based in Wichita, Kansas. Donations are tax-deductible.
- What is Dwane L and Velma Lunt Wallace's EIN?
- Dwane L and Velma Lunt Wallace's Employer Identification Number (EIN) is 48-1071478.
- How much revenue does Dwane L and Velma Lunt Wallace report?
- Dwane L and Velma Lunt Wallace reported $4,014,925 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Dwane L and Velma Lunt Wallace have?
- CharityIndex grades Dwane L and Velma Lunt Wallace B, based on financial health (reserves and operating margin).
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Data for Dwane L and Velma Lunt Wallace (EIN 48-1071478) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.