Carl Victor Page Memorial Foundation
Carl Victor Page Memorial Foundation consistently accumulates significant assets with minimal reported expenses and no officer compensation.
EIN: 201922957 · Palo Alto, CA · NTEE: T20 · Updated: 2026-03-28
Is Carl Victor Page Memorial Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Carl Victor Page Memorial Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Carl Victor Page Memorial Foundation
Carl Victor Page Memorial Foundation (EIN: 201922957) is a nonprofit organization based in Palo Alto, CA, classified under NTEE code T20. The organization reported total revenue of $1.9B and total assets of $4.5B according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Carl Victor Page Memorial Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Carl Victor Page Memorial Foundation is a major nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $458.4M |
| Total Expenses | $315.8M |
| Surplus / Deficit | +$142.6M |
| Total Assets | $4.0B |
| Total Liabilities | $50.9M |
| Net Assets | $4.0B |
| Operating Margin | 31.1% |
| Debt-to-Asset Ratio | 1.3% |
| Months of Reserves | 152.9 months |
Financial Health Grade: A
In 2023, Carl Victor Page Memorial Foundation reported a surplus of $142.6M with revenue exceeding expenses, holds 152.9 months of operating reserves (strong position), has a debt-to-asset ratio of 1.3% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Carl Victor Page Memorial Foundation's revenue has grown at a compound annual growth rate (CAGR) of 10.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -25.5% | +2.2% | +5.2% |
| 2022 | -43.4% | +41.6% | +8.4% |
| 2021 | +252.8% | +372.0% | +32.9% |
| 2020 | -3.1% | +231.9% | +10.9% |
| 2019 | -23.9% | -86.3% | +60.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Carl Victor Page Memorial Foundation with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Carl Victor Page Memorial Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $142.6M, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.3%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers or key employees receive compensation directly from the foundation, which is highly favorable for donor perception and resource allocation.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Carl Victor Page Memorial Foundation's IRS 990 filings:
- Lack of detailed program spending breakdown in available data, making it hard to assess direct charitable impact relative to vast resources.
Strengths
The following positive indicators were identified for Carl Victor Page Memorial Foundation:
- Exceptional asset growth, from $340 million in 2011 to $4.45 billion currently.
- Zero reported officer compensation across all filings, indicating strong governance regarding executive pay.
- Consistent IRS 990 filing history, demonstrating transparency.
- Very low expense ratio relative to revenue, indicating efficient financial management and capital accumulation.
Frequently Asked Questions about Carl Victor Page Memorial Foundation
Is Carl Victor Page Memorial Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Carl Victor Page Memorial Foundation (EIN: 201922957) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does Carl Victor Page Memorial Foundation spend its money?
Carl Victor Page Memorial Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Carl Victor Page Memorial Foundation tax-deductible?
Carl Victor Page Memorial Foundation is registered as a tax-exempt nonprofit (EIN: 201922957). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is the Carl Victor Page Memorial Foundation a good charity?
Financially, the foundation is exceptionally strong, with massive asset growth and no reported officer compensation. Its efficiency in accumulating capital is very high. However, without detailed program spending breakdowns, it's difficult to assess the direct impact of its charitable activities relative to its substantial resources.
What is the primary focus of the foundation's spending?
Based on the available data, the foundation's primary financial activity appears to be asset accumulation and investment, with expenses consistently being a small fraction of its revenue. For example, in 2023, expenses were only 68.9% of revenue, and in 2022, 50.2% of revenue, suggesting a significant portion of revenue is retained or reinvested.
How has the foundation's financial health changed over time?
The foundation's financial health has dramatically improved, with assets growing from $340 million in 2011 to over $4.45 billion currently. Revenue has also seen substantial fluctuations but generally remains very high, indicating robust financial growth and stability.
Filing History
IRS 990 filing history for Carl Victor Page Memorial Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Carl Victor Page Memorial Foundation's revenue has grown by 243.9%, moving from $133.3M to $458.4M. Total assets increased by 1081.3% over the same period, from $340.7M to $4.0B. Total functional expenses rose by 2156.9%, from $14.0M to $315.8M. In its most recent filing year (2023), Carl Victor Page Memorial Foundation reported a surplus of $142.6M, with revenue exceeding expenses. The organization holds $50.9M in liabilities against $4.0B in assets (debt-to-asset ratio: 1.3%), resulting in net assets of $4.0B.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $458.4M | $315.8M | $4.0B | $50.9M | — | View 990 |
| 2022 | $615.7M | $309.0M | $3.8B | $1 | — | View 990 |
| 2021 | $1.1B | $218.2M | $3.5B | $3.5M | — | View 990 |
| 2020 | $308.1M | $46.2M | $2.7B | $128K | — | View 990 |
| 2019 | $317.9M | $13.9M | $2.4B | $204K | — | View 990 |
| 2015 | $417.9M | $101.8M | $1.5B | $0 | — | View 990 |
| 2014 | $436.9M | $75.2M | $1.1B | $0 | — | View 990 |
| 2013 | $344.9M | $41.5M | $773.3M | $0 | — | View 990 |
| 2012 | $138.9M | $29.7M | $458.2M | $0 | — | View 990 |
| 2011 | $133.3M | $14.0M | $340.7M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $458.4M, expenses of $315.8M, and assets of $4.0B (revenue -25.5% year-over-year).
- 2022: Revenue of $615.7M, expenses of $309.0M, and assets of $3.8B (revenue -43.4% year-over-year).
- 2021: Revenue of $1.1B, expenses of $218.2M, and assets of $3.5B (revenue +252.8% year-over-year).
- 2020: Revenue of $308.1M, expenses of $46.2M, and assets of $2.7B (revenue -3.1% year-over-year).
- 2019: Revenue of $317.9M, expenses of $13.9M, and assets of $2.4B (revenue -23.9% year-over-year).
- 2015: Revenue of $417.9M, expenses of $101.8M, and assets of $1.5B (revenue -4.3% year-over-year).
- 2014: Revenue of $436.9M, expenses of $75.2M, and assets of $1.1B (revenue +26.7% year-over-year).
- 2013: Revenue of $344.9M, expenses of $41.5M, and assets of $773.3M (revenue +148.2% year-over-year).
- 2012: Revenue of $138.9M, expenses of $29.7M, and assets of $458.2M (revenue +4.2% year-over-year).
- 2011: Revenue of $133.3M, expenses of $14.0M, and assets of $340.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Carl Victor Page Memorial Foundation:
Data Sources and Methodology
This transparency report for Carl Victor Page Memorial Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.