M David Palmeiro Foundation
M David Palmeiro Foundation maintains stable, small-scale operations with volunteer leadership and minimal liabilities.
EIN: 208851525 · Prairie Vlg, KS · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $8K |
| Total Expenses | $7K |
| Program Spending | 85% |
| Net Assets | $13K |
| Transparency Score | 75/100 |
Is M David Palmeiro Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
M David Palmeiro Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About M David Palmeiro Foundation
M David Palmeiro Foundation (EIN: 208851525) is a nonprofit organization based in Prairie Vlg, KS, classified under NTEE code T20. The organization reported total revenue of $8K and total assets of $13K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of M David Palmeiro Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
M David Palmeiro Foundation is a micro nonprofit that has been operating for 18 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $8K |
| Total Expenses | $7K |
| Surplus / Deficit | +$1K |
| Total Assets | $13K |
| Total Liabilities | $1 |
| Net Assets | $13K |
| Operating Margin | 13.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 22.2 months |
Financial Health Grade: A
In 2023, M David Palmeiro Foundation reported a surplus of $1K with revenue exceeding expenses, holds 22.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), M David Palmeiro Foundation's revenue has grown at a compound annual growth rate (CAGR) of 3.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +26.4% | -15.3% | +9.0% |
| 2022 | -10.9% | +38.1% | -13.7% |
| 2021 | -22.6% | -16.3% | +9.4% |
| 2020 | +16.5% | -24.8% | +20.0% |
| 2019 | +28.9% | +78.7% | +13.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 M David Palmeiro Foundation with a Mission Score of 75 out of 100 (Good). 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: 85%
- fundraising: 5%
According to IRS 990 filings, M David Palmeiro Foundation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $1K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating that the organization's leadership is entirely volunteer-based, which is highly commendable for a nonprofit of any size.
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 M David Palmeiro Foundation's IRS 990 filings:
- Lack of detailed expense breakdown beyond total expenses makes full efficiency assessment difficult.
Strengths
The following positive indicators were identified for M David Palmeiro Foundation:
- Consistent 0% officer compensation, indicating volunteer leadership.
- 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).
Frequently Asked Questions about M David Palmeiro Foundation
Is M David Palmeiro Foundation a legitimate charity?
M David Palmeiro Foundation (EIN: 208851525) is a registered tax-exempt nonprofit based in Kansas. Our AI analysis gives it a Mission Score of 75/100. It has 10 years of IRS 990 filings on record. Total revenue: $8K. 1 red flag identified. 3 strengths noted. Financial health grade: A.
How does M David Palmeiro Foundation spend its money?
M David Palmeiro Foundation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to M David Palmeiro Foundation tax-deductible?
M David Palmeiro Foundation is registered as a tax-exempt nonprofit (EIN: 208851525). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of M David Palmeiro Foundation's spending goes to programs?
M David Palmeiro Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does M David Palmeiro Foundation compare to similar nonprofits?
With a transparency score of 75/100 (Good), M David Palmeiro Foundation is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is M David Palmeiro Foundation located?
M David Palmeiro Foundation is headquartered in Prairie Vlg, Kansas and files with the IRS under EIN 208851525. It is classified under NTEE code T20.
How many years of IRS 990 filings does M David Palmeiro Foundation have?
M David Palmeiro Foundation has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $8K in total revenue.
Is the M David Palmeiro Foundation a good charity?
Based on the available data, the M David Palmeiro Foundation demonstrates strong financial stewardship for its size, with consistent volunteer leadership (0% officer compensation) and minimal liabilities. Its small scale means its impact is likely localized, but its operational efficiency in terms of compensation is excellent.
How has the foundation's revenue trended over the past few years?
The foundation's revenue has fluctuated but remained consistently under $10,000 annually, with the latest reported revenue at $8,230 (2023) and $6,513 (2022), showing slight variability but no significant growth or decline.
What is the foundation's asset-to-liability ratio?
The foundation consistently maintains a very strong asset-to-liability ratio, with assets ranging from $5,826 to $14,022 and liabilities consistently reported as $1 across all periods, indicating excellent financial stability and minimal debt.
Filing History
IRS 990 filing history for M David Palmeiro Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), M David Palmeiro Foundation's revenue has grown by 43.8%, moving from $6K to $8K. Total assets increased by 87.2% over the same period, from $7K to $13K. Total functional expenses rose by 26.6%, from $6K to $7K. In its most recent filing year (2023), M David Palmeiro Foundation reported a surplus of $1K, with revenue exceeding expenses. The organization holds $1 in liabilities against $13K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $13K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $8K | $7K | $13K | $1 | — | — |
| 2022 | $7K | $8K | $12K | $1 | — | — |
| 2021 | $7K | $6K | $14K | $1 | — | — |
| 2020 | $9K | $7K | $13K | $1 | — | — |
| 2019 | $8K | $10K | $11K | $1 | — | View 990 |
| 2015 | $6K | $5K | $9K | $1 | — | View 990 |
| 2014 | $7K | $5K | $9K | $1 | — | View 990 |
| 2013 | $7K | $7K | $6K | $1 | — | View 990 |
| 2012 | $5K | $6K | $6K | $1 | — | View 990 |
| 2011 | $6K | $6K | $7K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $8K, expenses of $7K, and assets of $13K (revenue +26.4% year-over-year).
- 2022: Revenue of $7K, expenses of $8K, and assets of $12K (revenue -10.9% year-over-year).
- 2021: Revenue of $7K, expenses of $6K, and assets of $14K (revenue -22.6% year-over-year).
- 2020: Revenue of $9K, expenses of $7K, and assets of $13K (revenue +16.5% year-over-year).
- 2019: Revenue of $8K, expenses of $10K, and assets of $11K (revenue +28.9% year-over-year).
- 2015: Revenue of $6K, expenses of $5K, and assets of $9K (revenue -14.0% year-over-year).
- 2014: Revenue of $7K, expenses of $5K, and assets of $9K (revenue +2.0% year-over-year).
- 2013: Revenue of $7K, expenses of $7K, and assets of $6K (revenue +41.6% year-over-year).
- 2012: Revenue of $5K, expenses of $6K, and assets of $6K (revenue -11.6% year-over-year).
- 2011: Revenue of $6K, expenses of $6K, and assets of $7K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for M David Palmeiro Foundation:
Data Sources and Methodology
This transparency report for M David Palmeiro 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.