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New York · Nonprofit

The Wallace Foundation

The Wallace Foundation (New York) receives grants from 1 organization whose IRS filings report $10,000 to it, the largest being COLTON FAMILY FOUNDATION ($10,000). 1 of them have funded it in more than one year.

Revenue FY2024
$124M
Funders on record
1
Grants received
$10k
Net assets
$1.7B
1/1 repeat funderspeak grant-dependency 0%
01What it does

What The Wallace Foundation does

Programs

  1. TECHNICAL ASSISTANCE: Provide coordination and facilitation of learning communities and technical assistance to Grantees participating in our Youth Arts, Education Leadership, and Out of School Time initiatives.

    $2,491,276 spent
  2. DISSEMINATION: Through conference presentations, webinars, print advertising and media outreach, share Wallace research findings with non-grantee audiences, who can use the findings to improve their own work.

    $1,852,441 spent
  3. RESEARCH: Commission research and evaluation studies to inform and support the implementation of Wallace initiatives and provide insights about practice improvements for the field.

    $1,451,718 spent
  4. POLICY: Public policy engagement activities include, within the constraints of the law, sharing evidence of what works and encouraging states to seek ESSA funding for evidence-based leadership work.

    $709,169 spent

The 4 programs described on its FY2024 Form 990-PF.

02The organization over time

The organization over time

Each line starts at 100 in 2020, so what you read is the shape rather than the size: 150 means half as much again as 2020, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20202020 Revenue 100 ($115M) Expenses 100 ($74M) Net assets 100 ($1.8B)2021 Revenue 121 ($139M) Expenses 91 ($67M) Net assets 113 ($2.0B)2022 Revenue 116 ($133M) Expenses 153 ($113M) Net assets 90 ($1.6B)2023 Revenue 50 ($57M) Expenses 122 ($90M) Net assets 94 ($1.7B)2024 Revenue 108 ($124M) Expenses 117 ($86M) Net assets 97 ($1.7B)
20202021202220232024
Revenue (108)Expenses (117)Net assets (97)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2021 to 2022, from $2.0B to $1.7B (−18%).

$1.8B
$2.0B
$1.7B
$1.7B
$1.8B
20202021202220232024
Total assetsTotal liabilities
03Who funds it

Who funds it, year by year

2021 → 2022: the base held at 1 funder, grant income held at $5k.

Funder
'21
'22
total
funders
1
1

From the IRS filings of The Wallace Foundation’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

The Wallace Foundation draws 100% of its grant income from funders outside New York, across 1 state in all.

NJ

In-state vs out-of-state, by year

’21
’22
New York out of state home

Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

The Wallace Foundation is better cushioned than half of the 153 philanthropy nonprofits its size.

Months of reserve5.3mo · above the median
Revenue growth (annualized)2% · bottom quartile

this organization peer median middle 50% of peers· 153 philanthropy nonprofits over $100M, FY2024

Organizations like The Wallace Foundation

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In New York

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Screen this organization

A dated, signed PDF of the compliance screen for The Wallace Foundation: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds The Wallace Foundation?
The Wallace Foundation (New York) receives grants from 1 organization whose IRS filings report $10,000 to it, the largest being COLTON FAMILY FOUNDATION ($10,000). 1 of them have funded it in more than one year.
How many funders does The Wallace Foundation have?
IRS filings report 1 organization giving $10,000 in grants to The Wallace Foundation, 1 of which have funded it in more than one year.
Who is the largest funder of The Wallace Foundation?
COLTON FAMILY FOUNDATION is the largest funder on record, with $10,000 in grants. The full list of funders is on this page.
How can an organization like The Wallace Foundation find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in New York. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2020–2024), and the filings of 1 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing