Palladium Foundation
Palladium Foundation reports significant revenue surplus in latest filing, maintaining minimal liabilities and zero officer compensation.
EIN: 200137383 · Salt Lake Cty, UT · NTEE: C342 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $79.1M |
| Total Expenses | $17.3M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $70.8M |
| Transparency Score | 85/100 |
Is Palladium Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Palladium Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Palladium Foundation
Palladium Foundation (EIN: 200137383) is a nonprofit organization based in Salt Lake Cty, UT, classified under NTEE code C342. The organization reported total revenue of $79.1M and total assets of $72.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Palladium Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Palladium Foundation is a major nonprofit that has been operating for 22 years, with 11 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 46.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $41.1M |
| Total Expenses | $17.3M |
| Surplus / Deficit | +$23.9M |
| Total Assets | $70.8M |
| Total Liabilities | $1 |
| Net Assets | $70.8M |
| Operating Margin | 58.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 49.2 months |
Financial Health Grade: A
In 2023, Palladium Foundation reported a surplus of $23.9M with revenue exceeding expenses, holds 49.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 11 years of filings (2011–2023), Palladium Foundation's revenue has grown at a compound annual growth rate (CAGR) of 46.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1070.9% | +260.0% | +50.8% |
| 2022 | +31.3% | -17.2% | -2.7% |
| 2021 | +193.0% | +551.6% | -6.1% |
| 2020 | -72.6% | -89.4% | +0.0% |
| 2019 | +90.3% | +348.4% | -22.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2004 |
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 Palladium Foundation with a Mission Score of 85 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: 85%
- fundraising: 5%
According to IRS 990 filings, Palladium 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 $23.9M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Palladium Foundation consistently reports $0 in officer compensation across all available filings, indicating that its leadership is either unpaid or compensated through other means not categorized as officer compensation, which is highly unusual for an organization of its size and revenue, and suggests a very lean approach to executive overhead.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Palladium Foundation's IRS 990 filings:
- Lack of detailed expense breakdown in provided data limits full spending efficiency analysis
- Significant revenue volatility across filing periods, with a negative revenue reported in 201204 ($-3,675,308)
Strengths
The following positive indicators were identified for Palladium Foundation:
- Strong financial health with a significant revenue surplus in the latest filing period ($41,124,775 revenue vs. $17,273,615 expenses in 202304)
- Consistently minimal liabilities, often reported as $1, indicating strong financial management and low debt
- Zero officer compensation reported across all available filings, suggesting a commitment to minimizing executive overhead
- Substantial asset base, growing to $70,816,312 in 202304, providing long-term stability
Frequently Asked Questions about Palladium Foundation
Is Palladium Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Palladium Foundation (EIN: 200137383) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Palladium Foundation spend its money?
Palladium Foundation directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Palladium Foundation tax-deductible?
Palladium Foundation is registered as a tax-exempt nonprofit (EIN: 200137383). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Palladium Foundation CEO make?
Palladium Foundation's highest-compensated officer earns $0 annually. The organization reported $79.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Palladium Foundation's spending goes to programs?
Palladium Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Palladium Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Palladium Foundation is above average for NTEE category C342 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Palladium Foundation located?
Palladium Foundation is headquartered in Salt Lake Cty, Utah and files with the IRS under EIN 200137383. It is classified under NTEE code C342.
How many years of IRS 990 filings does Palladium Foundation have?
Palladium Foundation has 11 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 $79.1M in total revenue.
Is Palladium Foundation a good charity?
Based on the available data, Palladium Foundation appears to be a financially stable organization with a strong revenue surplus in its latest period ($41,124,775 revenue vs. $17,273,615 expenses in 202304). Its consistent reporting of $0 officer compensation and minimal liabilities are positive indicators. However, without detailed program spending breakdowns, it's challenging to fully assess its programmatic impact and efficiency.
How does Palladium Foundation manage its liabilities?
The Palladium Foundation consistently reports extremely low liabilities, often just $1, across multiple filing periods. This indicates excellent financial management and a very low debt burden, contributing to its overall financial stability.
What is the trend in Palladium Foundation's revenue?
Palladium Foundation's revenue has shown significant volatility, with a remarkable surge to $41,124,775 in 202304 from $3,512,246 in 202204. Prior to this, revenue fluctuated, sometimes being significantly lower than expenses, but the latest period shows a strong positive trend.
Filing History
IRS 990 filing history for Palladium Foundation showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2023), Palladium Foundation's revenue has grown by 9702.6%, moving from $420K to $41.1M. Total assets increased by 3% over the same period, from $68.8M to $70.8M. Total functional expenses rose by 512%, from $2.8M to $17.3M. In its most recent filing year (2023), Palladium Foundation reported a surplus of $23.9M, with revenue exceeding expenses. The organization holds $1 in liabilities against $70.8M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $70.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $41.1M | $17.3M | $70.8M | $1 | — | View 990 |
| 2022 | $3.5M | $4.8M | $47.0M | $1 | — | View 990 |
| 2021 | $2.7M | $5.8M | $48.3M | $1 | — | — |
| 2020 | $913K | $889K | $51.4M | $1 | — | — |
| 2019 | $3.3M | $8.4M | $51.3M | $1 | — | View 990 |
| 2016 | $1.8M | $1.9M | $66.5M | $1K | — | View 990 |
| 2015 | $2.5M | $2.9M | $66.6M | $0 | — | View 990 |
| 2014 | $4.9M | $968K | $67.0M | $0 | — | View 990 |
| 2013 | $960K | $1.9M | $65.0M | $2.0M | — | View 990 |
| 2012 | $-3,675,308 | $838K | $64.7M | $711K | — | View 990 |
| 2011 | $420K | $2.8M | $68.8M | $235K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $41.1M, expenses of $17.3M, and assets of $70.8M (revenue +1070.9% year-over-year).
- 2022: Revenue of $3.5M, expenses of $4.8M, and assets of $47.0M (revenue +31.3% year-over-year).
- 2021: Revenue of $2.7M, expenses of $5.8M, and assets of $48.3M (revenue +193.0% year-over-year).
- 2020: Revenue of $913K, expenses of $889K, and assets of $51.4M (revenue -72.6% year-over-year).
- 2019: Revenue of $3.3M, expenses of $8.4M, and assets of $51.3M (revenue +90.3% year-over-year).
- 2016: Revenue of $1.8M, expenses of $1.9M, and assets of $66.5M (revenue -29.4% year-over-year).
- 2015: Revenue of $2.5M, expenses of $2.9M, and assets of $66.6M (revenue -49.2% year-over-year).
- 2014: Revenue of $4.9M, expenses of $968K, and assets of $67.0M (revenue +409.8% year-over-year).
- 2013: Revenue of $960K, expenses of $1.9M, and assets of $65.0M.
- 2012: Revenue of $-3,675,308, expenses of $838K, and assets of $64.7M (revenue -976.1% year-over-year).
- 2011: Revenue of $420K, expenses of $2.8M, and assets of $68.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Palladium Foundation:
Data Sources and Methodology
This transparency report for Palladium 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.