Palace Head Foundation Inc
Palace Head Foundation consistently spends more than it earns, drawing from its growing $12.5M asset base.
EIN: 201740632 · Chestnut Hill, MA · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.2M |
| Total Expenses | $912K |
| Program Spending | 85% |
| Net Assets | $12.5M |
| Transparency Score | 75/100 |
Is Palace Head Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Palace Head Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Palace Head Foundation Inc
Palace Head Foundation Inc (EIN: 201740632) is a nonprofit organization based in Chestnut Hill, MA, classified under NTEE code T22. The organization reported total revenue of $1.2M and total assets of $14.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Palace Head Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Palace Head Foundation Inc is a mid-size nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 0.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $434K |
| Total Expenses | $912K |
| Surplus / Deficit | $-477,794 |
| Total Assets | $12.5M |
| Total Liabilities | $1 |
| Net Assets | $12.5M |
| Operating Margin | -110.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 165.0 months |
Financial Health Grade: B
In 2024, Palace Head Foundation Inc reported a deficit of $478K with expenses exceeding revenue, holds 165.0 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 (2012–2024), Palace Head Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -19.5% | -11.3% | -3.7% |
| 2023 | +27.1% | +3.3% | -3.1% |
| 2022 | -70.3% | +17.3% | -4.1% |
| 2021 | -23.0% | -8.4% | +4.3% |
| 2020 | +68.7% | +41.4% | +10.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Palace Head Foundation Inc 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, Palace Head Foundation Inc 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $478K, with expenses exceeding revenue.
- 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 either unpaid or compensated through other means not categorized as officer compensation, which suggests a very lean administrative cost structure at the top.
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 Palace Head Foundation Inc's IRS 990 filings:
- Consistent operational deficits (expenses exceeding revenue) in recent years, such as $911,792 expenses vs. $433,998 revenue in 2024, which, while common for foundations, warrants monitoring.
Strengths
The following positive indicators were identified for Palace Head Foundation Inc:
- Strong and growing asset base, increasing from $11,566,159 in 2012 to $12,539,361 in 2024, providing long-term financial security.
- Minimal liabilities reported ($1 in most years), indicating excellent financial health and low risk.
- Consistent reporting of 0% officer compensation, suggesting a highly efficient or volunteer-driven executive leadership structure.
- Consistent IRS 990 filing history over 10 periods, demonstrating good transparency and compliance.
Frequently Asked Questions about Palace Head Foundation Inc
Is Palace Head Foundation Inc a legitimate charity?
Palace Head Foundation Inc (EIN: 201740632) is a registered tax-exempt nonprofit based in Massachusetts. Our AI analysis gives it a Mission Score of 75/100. It has 10 years of IRS 990 filings on record. Total revenue: $1.2M. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Palace Head Foundation Inc spend its money?
Palace Head Foundation Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Palace Head Foundation Inc tax-deductible?
Palace Head Foundation Inc is registered as a tax-exempt nonprofit (EIN: 201740632). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Palace Head Foundation Inc's spending goes to programs?
Palace Head Foundation Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Palace Head Foundation Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Palace Head Foundation Inc is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Palace Head Foundation Inc located?
Palace Head Foundation Inc is headquartered in Chestnut Hill, Massachusetts and files with the IRS under EIN 201740632. It is classified under NTEE code T22.
How many years of IRS 990 filings does Palace Head Foundation Inc have?
Palace Head Foundation Inc 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 $1.2M in total revenue.
Is Palace Head Foundation Inc. financially stable despite recent operating deficits?
Yes, despite reporting expenses exceeding revenue in recent years (e.g., $911,792 expenses vs. $433,998 revenue in 2024), the foundation maintains substantial and growing assets, reaching $12,539,361 in 2024, indicating strong long-term financial stability.
What is the trend in the organization's assets?
The organization's assets have shown a consistent upward trend over the long term, growing from $11,566,159 in 2012 to $12,539,361 in 2024, demonstrating effective asset management.
How does the organization manage executive compensation?
Palace Head Foundation Inc. consistently reports 0% officer compensation across all available filings, suggesting a volunteer-led executive team or compensation structure that minimizes direct salary expenses for top leadership.
Filing History
IRS 990 filing history for Palace Head Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2024), Palace Head Foundation Inc's revenue has grown by 2.3%, moving from $424K to $434K. Total assets increased by 8.4% over the same period, from $11.6M to $12.5M. Total functional expenses rose by 60.5%, from $568K to $912K. In its most recent filing year (2024), Palace Head Foundation Inc reported a deficit of $478K, with expenses exceeding revenue. The organization holds $1 in liabilities against $12.5M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $12.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $434K | $912K | $12.5M | $1 | — | — |
| 2023 | $539K | $1.0M | $13.0M | $1 | — | View 990 |
| 2022 | $424K | $995K | $13.4M | $1 | — | View 990 |
| 2021 | $1.4M | $849K | $14.0M | $1 | — | — |
| 2020 | $1.9M | $926K | $13.4M | $1 | — | View 990 |
| 2016 | $1.1M | $655K | $12.2M | $1 | — | View 990 |
| 2015 | $839K | $774K | $11.7M | $1 | — | View 990 |
| 2014 | $849K | $683K | $11.7M | $1 | — | View 990 |
| 2013 | $647K | $696K | $11.5M | $1 | — | View 990 |
| 2012 | $424K | $568K | $11.6M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $434K, expenses of $912K, and assets of $12.5M (revenue -19.5% year-over-year).
- 2023: Revenue of $539K, expenses of $1.0M, and assets of $13.0M (revenue +27.1% year-over-year).
- 2022: Revenue of $424K, expenses of $995K, and assets of $13.4M (revenue -70.3% year-over-year).
- 2021: Revenue of $1.4M, expenses of $849K, and assets of $14.0M (revenue -23.0% year-over-year).
- 2020: Revenue of $1.9M, expenses of $926K, and assets of $13.4M (revenue +68.7% year-over-year).
- 2016: Revenue of $1.1M, expenses of $655K, and assets of $12.2M (revenue +31.1% year-over-year).
- 2015: Revenue of $839K, expenses of $774K, and assets of $11.7M (revenue -1.2% year-over-year).
- 2014: Revenue of $849K, expenses of $683K, and assets of $11.7M (revenue +31.3% year-over-year).
- 2013: Revenue of $647K, expenses of $696K, and assets of $11.5M (revenue +52.4% year-over-year).
- 2012: Revenue of $424K, expenses of $568K, and assets of $11.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Palace Head Foundation Inc:
Data Sources and Methodology
This transparency report for Palace Head Foundation Inc 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.