Significant revenue growth in recent years, from $22,522 in 2020 to $81,479 currently.
Consistent IRS 990 filing history over a decade, indicating good transparency.
Spending Breakdown
How Tom & Shirley Palmer Family Foundation allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
5%
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 Tom & Shirley Palmer Family Foundation
Is Tom & Shirley Palmer Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Tom & Shirley Palmer Family Foundation (EIN: 204079745) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
Is Tom & Shirley Palmer Family Foundation a good charity to donate to?
Tom & Shirley Palmer Family Foundation has a Mission Score of 90/100. Revenue: $81K. Assets: $339K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Tom & Shirley Palmer Family Foundation?
The Employer Identification Number (EIN) for Tom & Shirley Palmer Family Foundation is 204079745. 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 Tom & Shirley Palmer Family Foundation spend its money?
Tom & Shirley Palmer Family Foundation allocates 90% to programs, 5% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Tom & Shirley Palmer Family Foundation's tax-exempt status?
You can verify Tom & Shirley Palmer Family Foundation's tax-exempt status using EIN 204079745 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 Tom & Shirley Palmer Family Foundation demonstrates consistent financial stability, with assets growing from $266,677 in 2011 to $339,167 currently. Revenue has seen a significant increase in recent years, jumping from $22,522 in 2020 to $81,479 currently, indicating growing support or investment income. The organization consistently reports minimal liabilities, often just $1, which is a strong indicator of sound financial management and low debt risk.
Spending efficiency appears to be robust, particularly given that officer compensation has been consistently reported as 0% across all available filings. This suggests that the foundation operates with a volunteer or unpaid leadership structure, maximizing the proportion of funds available for its charitable purpose. While a detailed breakdown of program, administrative, and fundraising expenses isn't explicitly provided in the summary data, the absence of officer compensation is a positive sign for efficiency.
In terms of transparency, the consistent filing of IRS Form 990s over a decade provides a good historical record. The minimal liabilities and zero officer compensation are clearly reported facts that enhance trust. However, without more granular expense categories, a full assessment of how funds are allocated between programs, administration, and fundraising is limited. The NTEE code T12 (Private Grantmaking Foundations) suggests its primary activity is making grants, which aligns with a foundation's typical operations.