Palmer Arts Council
Palmer Arts Council shows improved financial health with zero liabilities and no officer compensation in 2023.
EIN: 134316744 · Palmer, AK · NTEE: A60 · Updated: 2026-03-28
Is Palmer Arts Council Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Palmer Arts Council directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Palmer Arts Council
Palmer Arts Council (EIN: 134316744) is a nonprofit organization based in Palmer, AK, classified under NTEE code A60. The organization reported total revenue of $25K and total assets of $158K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Palmer Arts Council's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Palmer Arts Council is a micro nonprofit that has been operating for 20 years, with 7 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -4.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $41K |
| Total Expenses | $13K |
| Surplus / Deficit | +$28K |
| Total Assets | $162K |
| Net Assets | $162K |
| Operating Margin | 68.4% |
| Months of Reserves | 150.4 months |
Financial Health Grade: A
In 2023, Palmer Arts Council reported a surplus of $28K with revenue exceeding expenses, holds 150.4 months of operating reserves (strong position).
Financial Trends
Over 7 years of filings (2011–2023), Palmer Arts Council's revenue has declined at a compound annual growth rate (CAGR) of -4.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +84.3% | -41.3% | +2.8% |
| 2017 | -77.8% | -43.6% | +0.2% |
| 2016 | +117.8% | -42.1% | -4.6% |
| 2014 | -9.9% | +34.7% | -0.6% |
| 2013 | -30.0% | -34.2% | -4.0% |
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 Palmer Arts Council 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: 90%
- fundraising: 0%
According to IRS 990 filings, Palmer Arts Council 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 $28K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is highly efficient for a nonprofit of this 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 Palmer Arts Council's IRS 990 filings:
- Inconsistent revenue generation in earlier periods, leading to deficit spending in some years (e.g., 2014 and 2012).
Strengths
The following positive indicators were identified for Palmer Arts Council:
- Consistent 0% officer compensation across all filings, indicating volunteer leadership.
- Elimination of all liabilities by 2023, demonstrating strong financial management.
- Positive revenue-to-expense ratio in the most recent filing (2023), showing efficient operations.
- Stable asset base, consistently above $150,000 over the past decade.
Frequently Asked Questions about Palmer Arts Council
Is Palmer Arts Council a legitimate charity?
Based on AI analysis of IRS 990 filings, Palmer Arts Council (EIN: 134316744) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Palmer Arts Council spend its money?
Palmer Arts Council directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Palmer Arts Council tax-deductible?
Palmer Arts Council is registered as a tax-exempt nonprofit (EIN: 134316744). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Palmer Arts Council a good charity?
Based on the available data, Palmer Arts Council appears to be a good charity. It demonstrates strong financial management, particularly in 2023 with $0 liabilities and no officer compensation. Its consistent program focus and volunteer leadership are positive indicators.
How has Palmer Arts Council's financial health changed over time?
Palmer Arts Council's financial health has improved significantly. While there were periods of deficit spending and substantial liabilities in the past (e.g., $136,045 in liabilities in 2014), the organization reported $0 liabilities in 2023 and a healthy surplus of revenue over expenses ($40,909 revenue vs. $12,910 expenses).
What is the organization's approach to executive compensation?
The organization has a highly efficient approach to executive compensation, consistently reporting 0% officer compensation across all seven available filings. This indicates a volunteer-driven leadership model.
Filing History
IRS 990 filing history for Palmer Arts Council showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2011–2023), Palmer Arts Council's revenue has declined by 45.1%, moving from $75K to $41K. Total assets decreased by 11.3% over the same period, from $182K to $162K. Total functional expenses fell by 83.1%, from $76K to $13K. In its most recent filing year (2023), Palmer Arts Council reported a surplus of $28K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $41K | $13K | $162K | $0 | — | View 990 |
| 2017 | $22K | $22K | $157K | $71K | — | View 990 |
| 2016 | $100K | $39K | $157K | $71K | — | View 990 |
| 2014 | $46K | $67K | $164K | $136K | — | View 990 |
| 2013 | $51K | $50K | $165K | $116K | — | View 990 |
| 2012 | $73K | $76K | $172K | $124K | — | View 990 |
| 2011 | $75K | $76K | $182K | $131K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $41K, expenses of $13K, and assets of $162K (revenue +84.3% year-over-year).
- 2017: Revenue of $22K, expenses of $22K, and assets of $157K (revenue -77.8% year-over-year).
- 2016: Revenue of $100K, expenses of $39K, and assets of $157K (revenue +117.8% year-over-year).
- 2014: Revenue of $46K, expenses of $67K, and assets of $164K (revenue -9.9% year-over-year).
- 2013: Revenue of $51K, expenses of $50K, and assets of $165K (revenue -30.0% year-over-year).
- 2012: Revenue of $73K, expenses of $76K, and assets of $172K (revenue -2.1% year-over-year).
- 2011: Revenue of $75K, expenses of $76K, and assets of $182K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Palmer Arts Council:
Data Sources and Methodology
This transparency report for Palmer Arts Council 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.