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DEMOGRAPHIC

ADDRESS
385 BLACKWOOD RD
28722
COUNTY
polk county, NC
IN CARE OF NAME
CHARLES W ADAMS JR

ORGANIZATIONAL OVERVIEW & RANKINGS

WALLY ADAMS FOUNDATION INC is a based in COLUMBUS, NC, focused on Philanthropy, Voluntarism and Grantmaking Foundations causes , specifically Private Operating Foundations. Established in August 2014, it operates as an independent corporation and contributions to this organization are tax-deductible .

With total assets of $557,230.00, this ranks 279,595 among 2,656,690 nonprofits nationally (Top 11%), demonstrating significant financial capacity relative to its peers. At the state level, it stands at 7,280 out of 80,207 organizations in NC (Top 10%).

In polk county, NC, the organization ranks 34 out of 294 nonprofits by assets (Top 12%), while locally in columbus, it stands at 15 among 129 organizations (Top 8%).

The organization reported no revenue in the most recent filing period, placing it at 1,861,040 nationally and 58,241 in NC.

Within its specific NTEE classification (T23 - T: Philanthropy, Voluntarism and Grantmaking Foundations), which includes 2,678 similar organizations, WALLY ADAMS FOUNDATION INC ranks 711 in assets (Top 27%) and 1,003 in revenue (Top 38%).

Note: This organization's tax-exempt status was temporarily revoked on May 15, 2010 and was reinstated on May 15, 2010 .

The organization files a 990 - Not required to file(all other) and operates on a November fiscal year.

CLASSIFICATION

ORGANIZATION CODE
1: Corporation
DEDUCTIBILITY CODE
1: Contributions are deductible
AFFILIATION CODE
3: Independent
SUBSECTION/CLASSIFICATION CODES
ACTIVITY CODES
N/A
NTEE COMMON CODE
T: Philanthropy, Voluntarism and Grantmaking Foundations
NTEE CODE
T23: Private Operating Foundations
FOUNDATION CODE
N/A
EXEMPT ORGANIZATION STATUS CODE
N/A

FINANCIALS

Note: A past revocation appears on the IRS revocation list
Revoked: Saturday, May 15, 2010;
Reinstated: Saturday, May 15, 2010
Data current as of Oct. 2024
TAX PERIOD
12/2023
ACCOUNTING PERIOD
12
INCOME CODE
4: $100,000 to $499,999
INCOME AMOUNT
$388,898.00
FORM 990 REVENUE AMOUNT
$0.00
RULING DATE
08/2014
ASSET CODE
5: $500,000 to $999,999
ASSET AMOUNT
$557,230.00
FILING REQUIREMENT CODE
990 - Not required to file(all other)
PF FILING REQUIREMENT CODE
990-PF return

Disclaimer: While we are confident of the accuracy of the information on this page, we encourage you verify the information directly with IRS. The IRS has a toll-free number for this at 1-877-829-5500 or visit www.irs.gov.

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