Palmer Walbridge Foundation Tr
Palmer Walbridge Foundation Tr shows consistent asset base but recent years' expenses exceed revenue.
EIN: 16174485 · Pennington, NJ · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.8M |
| Total Expenses | $584K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $5 |
| Net Assets | $5.4M |
| Transparency Score | 75/100 |
Is Palmer Walbridge Foundation Tr Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Palmer Walbridge Foundation Tr directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Palmer Walbridge Foundation Tr
Palmer Walbridge Foundation Tr (EIN: 16174485) is a nonprofit organization based in Pennington, NJ, classified under NTEE code T22. The organization reported total revenue of $4.8M and total assets of $5.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Palmer Walbridge Foundation Tr's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Palmer Walbridge Foundation Tr is a mid-size nonprofit that has been operating for 24 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $308K |
| Total Expenses | $584K |
| Surplus / Deficit | $-275,898 |
| Total Assets | $5.4M |
| Total Liabilities | $1 |
| Net Assets | $5.4M |
| Operating Margin | -89.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 110.8 months |
Financial Health Grade: B
In 2023, Palmer Walbridge Foundation Tr reported a deficit of $276K with expenses exceeding revenue, holds 110.8 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), Palmer Walbridge Foundation Tr's revenue has grown at a compound annual growth rate (CAGR) of 2.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -59.7% | -18.5% | -4.9% |
| 2022 | -15.6% | +10.6% | +0.8% |
| 2021 | +22.5% | +16.1% | +4.8% |
| 2020 | +101.6% | +11.7% | +3.6% |
| 2019 | -87.0% | +85.7% | +-0.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2002 |
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 Walbridge Foundation Tr 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: 15%
- programs: 85%
- fundraising: 0%
According to IRS 990 filings, Palmer Walbridge Foundation Tr allocates its expenses as follows: admin: 15%, programs: 85%, fundraising: 0%. 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 deficit of $276K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officer salaries are paid, which is highly efficient for an organization of its size with assets over $5 million.
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 Walbridge Foundation Tr's IRS 990 filings:
- Expenses consistently exceeding revenue in recent periods (e.g., 2023 expenses $583,755 vs. revenue $307,857), indicating reliance on asset drawdowns.
Strengths
The following positive indicators were identified for Palmer Walbridge Foundation Tr:
- Strong asset base of $5,453,539 providing financial stability.
- 0% officer compensation reported across all filings, indicating highly efficient executive overhead.
- Minimal liabilities ($1 or $0) across all filings, demonstrating sound debt management.
- Consistent filing history over 10 periods, indicating good transparency and compliance.
Frequently Asked Questions about Palmer Walbridge Foundation Tr
Is Palmer Walbridge Foundation Tr a legitimate charity?
Palmer Walbridge Foundation Tr (EIN: 16174485) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 75/100. It has 10 years of IRS 990 filings on record. Total revenue: $4.8M. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Palmer Walbridge Foundation Tr spend its money?
Palmer Walbridge Foundation Tr directs 85% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Palmer Walbridge Foundation Tr tax-deductible?
Palmer Walbridge Foundation Tr is registered as a tax-exempt nonprofit (EIN: 16174485). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Palmer Walbridge Foundation Tr CEO make?
Palmer Walbridge Foundation Tr's highest-compensated officer earns $5 annually. The organization reported $4.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Palmer Walbridge Foundation Tr compare to similar nonprofits?
With a transparency score of 75/100 (Good), Palmer Walbridge Foundation Tr 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 Palmer Walbridge Foundation Tr located?
Palmer Walbridge Foundation Tr is headquartered in Pennington, New Jersey and files with the IRS under EIN 16174485. It is classified under NTEE code T22.
How many years of IRS 990 filings does Palmer Walbridge Foundation Tr have?
Palmer Walbridge Foundation Tr 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 $4.8M in total revenue.
Is Palmer Walbridge Foundation Tr a good charity?
The foundation exhibits strong financial stability with over $5 million in assets and no officer compensation, suggesting efficient use of funds. However, recent years show expenses exceeding revenue, which warrants further investigation into their long-term financial strategy. As a grantmaking foundation, its 'goodness' depends on the impact of its grants, which is not detailed here.
Why are expenses exceeding revenue in recent years?
In 2023, expenses were $583,755 while revenue was $307,857, and similar trends are seen in other recent periods. This could be due to strategic spending from endowment, market fluctuations affecting investment income, or increased grantmaking activity. Without more detailed financial statements, the exact reasons are unclear.
What is the foundation's primary focus given its NTEE code T22?
An NTEE code of T22 indicates that Palmer Walbridge Foundation Tr is a Private Grantmaking Foundation. This means its primary activity is typically providing grants to other organizations or individuals to support charitable causes, rather than directly operating programs.
Filing History
IRS 990 filing history for Palmer Walbridge Foundation Tr showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Palmer Walbridge Foundation Tr's revenue has grown by 32.7%, moving from $232K to $308K. Total assets increased by 94.4% over the same period, from $2.8M to $5.4M. Total functional expenses rose by 280.6%, from $153K to $584K. In its most recent filing year (2023), Palmer Walbridge Foundation Tr reported a deficit of $276K, with expenses exceeding revenue. The organization holds $1 in liabilities against $5.4M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $5.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $308K | $584K | $5.4M | $1 | — | View 990 |
| 2022 | $764K | $716K | $5.7M | $1 | — | View 990 |
| 2021 | $905K | $648K | $5.6M | $1 | — | — |
| 2020 | $739K | $558K | $5.4M | $1 | — | — |
| 2019 | $367K | $500K | $5.2M | $1 | — | View 990 |
| 2015 | $2.8M | $269K | $5.2M | $0 | — | View 990 |
| 2014 | $352K | $221K | $3.0M | $0 | — | View 990 |
| 2013 | $281K | $210K | $2.9M | $0 | — | View 990 |
| 2012 | $225K | $183K | $2.8M | $0 | — | View 990 |
| 2011 | $232K | $153K | $2.8M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $308K, expenses of $584K, and assets of $5.4M (revenue -59.7% year-over-year).
- 2022: Revenue of $764K, expenses of $716K, and assets of $5.7M (revenue -15.6% year-over-year).
- 2021: Revenue of $905K, expenses of $648K, and assets of $5.6M (revenue +22.5% year-over-year).
- 2020: Revenue of $739K, expenses of $558K, and assets of $5.4M (revenue +101.6% year-over-year).
- 2019: Revenue of $367K, expenses of $500K, and assets of $5.2M (revenue -87.0% year-over-year).
- 2015: Revenue of $2.8M, expenses of $269K, and assets of $5.2M (revenue +700.6% year-over-year).
- 2014: Revenue of $352K, expenses of $221K, and assets of $3.0M (revenue +25.4% year-over-year).
- 2013: Revenue of $281K, expenses of $210K, and assets of $2.9M (revenue +24.6% year-over-year).
- 2012: Revenue of $225K, expenses of $183K, and assets of $2.8M (revenue -2.8% year-over-year).
- 2011: Revenue of $232K, expenses of $153K, and assets of $2.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Palmer Walbridge Foundation Tr:
Data Sources and Methodology
This transparency report for Palmer Walbridge Foundation Tr 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.