Very low liabilities ($1 across all periods), demonstrating strong financial health.
Stable asset base relative to its small operational size (e.g., $13,191 in 2023).
Spending Breakdown
How M David Palmeiro Foundation allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about M David Palmeiro Foundation
Is M David Palmeiro Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, M David Palmeiro Foundation (EIN: 208851525) appears trustworthy. Mission Score: 75/100. 1 red flag identified, 3 strengths noted.
Is M David Palmeiro Foundation a good charity to donate to?
M David Palmeiro Foundation has a Mission Score of 75/100. Revenue: $8K. Assets: $13K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for M David Palmeiro Foundation?
The Employer Identification Number (EIN) for M David Palmeiro Foundation is 208851525. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does M David Palmeiro Foundation spend its money?
M David Palmeiro Foundation allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify M David Palmeiro Foundation's tax-exempt status?
You can verify M David Palmeiro Foundation's tax-exempt status using EIN 208851525 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
The M David Palmeiro Foundation operates on a very small scale, with recent annual revenues consistently below $10,000. Its financial health appears stable for an organization of its size, maintaining positive assets (e.g., $13,191 in 2023) and minimal liabilities ($1 across all reported periods). The foundation consistently reports 0% officer compensation, indicating a volunteer-driven leadership, which is a strong positive for donor confidence and efficiency. However, without detailed expense breakdowns beyond total expenses, it's challenging to fully assess spending efficiency between programs, administration, and fundraising. Given its small size and volunteer leadership, it's likely that administrative costs are kept low, but this cannot be definitively confirmed from the provided data.