Monte J Wallace Foundation
Only null% goes to programs Strong reserves Declining revenue
Monte J Wallace Foundation is a 501(c)(3) organization based in Boston, Massachusetts, registered in 2001, with $28,752 in FY2023 revenue. CharityIndex grades it C.
125 High St High St Tower 27th Fl, Boston, MA, 02110 EIN 04-6904988 Since 2001
Revenue (FY2023)
$29K
▲ 221.0% vs prior year
Philanthropy median: $168K
Expenses (FY2023)
$34K
Net assets
$450K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C
—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 Monte J Wallace Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
C+Financial health25% of the rating158 mo reserves · -19% 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 Monte J Wallace Foundation: 158 mo reserves · -19% margin earns a C+ 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 Monte J Wallace Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 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 Monte J Wallace Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 125 High St High St Tower 27th Fl, Boston, MA, 02110
- City
- Boston
- State
- Massachusetts
- Subcategory
- Private Foundations
Financial trends
Revenue declined from $78K (FY2017) to $29K (FY2023) across 7 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $0Net assets $450K
Operating margin
-19.1%
Spent more than it raised in the latest fiscal year.
Total assets
$450K
Total liabilities
$0
Net assets
$450K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $28,752▲221% | $34,251▲776% | $450,236▼1.2% | $450,236▼1.2% | 990PF |
| 2022 | $8,958▼98.4% | $3,908▼99.3% | $455,735▲1.1% | $455,735▲1.1% | 990PF |
| 2021 | $547,362▼10.4% | $592,028▼9.3% | $450,685▼9.0% | $450,685▼9.0% | 990PF |
| 2020 | $610,588▼2.9% | $653,020▼7.2% | $495,351▼7.9% | $495,351▼7.9% | 990PF |
| 2019 | $628,797▲1.5% | $703,977▲6.9% | $537,783▼12.3% | $537,783▼12.3% | 990PF |
| 2018 | $619,574▲697% | $658,273▲110% | $612,963▼5.9% | $612,963▼5.9% | 990PF |
| 2017 | $77,744 | $313,274 | $651,662 | $651,662 | 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.
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Frequently asked questions
- Is Monte J Wallace Foundation a legitimate nonprofit?
- Yes. Monte J Wallace Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 04-6904988, based in Boston, Massachusetts. Donations are tax-deductible.
- What is Monte J Wallace Foundation's EIN?
- Monte J Wallace Foundation's Employer Identification Number (EIN) is 04-6904988.
- How much revenue does Monte J Wallace Foundation report?
- Monte J Wallace Foundation reported $28,752 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Monte J Wallace Foundation have?
- CharityIndex grades Monte J Wallace Foundation C, based on financial health (reserves and operating margin).
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Data for Monte J Wallace Foundation (EIN 04-6904988) 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.