Paloma Blanca Foundation
Paloma Blanca Foundation consistently spends more than it earns in recent years, despite substantial assets and no officer compensation.
EIN: 201940725 · Milwaukee, WI · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.0M |
| Total Expenses | $502K |
| Program Spending | 75% |
| Net Assets | $5.8M |
| Transparency Score | 70/100 |
Is Paloma Blanca Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Paloma Blanca Foundation directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Paloma Blanca Foundation
Paloma Blanca Foundation (EIN: 201940725) is a nonprofit organization based in Milwaukee, WI, classified under NTEE code T22. The organization reported total revenue of $2.0M and total assets of $6.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Paloma Blanca Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Paloma Blanca Foundation is a mid-size nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 26.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $326K |
| Total Expenses | $502K |
| Surplus / Deficit | $-175,559 |
| Total Assets | $5.8M |
| Total Liabilities | $1 |
| Net Assets | $5.8M |
| Operating Margin | -53.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 138.7 months |
Financial Health Grade: B
In 2023, Paloma Blanca Foundation reported a deficit of $176K with expenses exceeding revenue, holds 138.7 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), Paloma Blanca Foundation's revenue has grown at a compound annual growth rate (CAGR) of 26.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +29.7% | -1.5% | -2.9% |
| 2022 | -58.9% | +27.9% | -4.1% |
| 2021 | +112.0% | +8.9% | +3.6% |
| 2020 | +154.7% | +249.4% | -1.3% |
| 2019 | -89.5% | -40.4% | +58.0% |
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 Paloma Blanca Foundation with a Mission Score of 70 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: 75%
- fundraising: 10%
According to IRS 990 filings, Paloma Blanca Foundation allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $176K, 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 officers or key employees are receiving salaries from the organization. This suggests a volunteer-led or externally funded leadership structure, which is highly favorable for donor confidence regarding compensation efficiency.
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 Paloma Blanca Foundation's IRS 990 filings:
- Consistent operational deficits in recent years (e.g., 2023 expenses $502,044 vs revenue $326,485)
- Significant decline in revenue compared to historical highs (e.g., $1,082,329 in 2015 vs $326,485 in 2023)
Strengths
The following positive indicators were identified for Paloma Blanca Foundation:
- Substantial asset base ($6,045,137) providing financial stability
- No reported officer compensation, indicating efficient use of funds for leadership
- Long filing history (10 filings) demonstrating consistent compliance
Frequently Asked Questions about Paloma Blanca Foundation
Is Paloma Blanca Foundation a legitimate charity?
Paloma Blanca Foundation (EIN: 201940725) is a registered tax-exempt nonprofit based in Wisconsin. Our AI analysis gives it a Mission Score of 70/100. It has 10 years of IRS 990 filings on record. Total revenue: $2.0M. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Paloma Blanca Foundation spend its money?
Paloma Blanca Foundation directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Paloma Blanca Foundation tax-deductible?
Paloma Blanca Foundation is registered as a tax-exempt nonprofit (EIN: 201940725). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Paloma Blanca Foundation's spending goes to programs?
Paloma Blanca Foundation directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Paloma Blanca Foundation compare to similar nonprofits?
With a transparency score of 70/100 (Good), Paloma Blanca Foundation 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 Paloma Blanca Foundation located?
Paloma Blanca Foundation is headquartered in Milwaukee, Wisconsin and files with the IRS under EIN 201940725. It is classified under NTEE code T22.
How many years of IRS 990 filings does Paloma Blanca Foundation have?
Paloma Blanca 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 $2.0M in total revenue.
How does Paloma Blanca Foundation sustain its operations given consistent deficits in recent years?
The organization has reported expenses exceeding revenue in 2023 ($502,044 vs $326,485) and 2022 ($509,563 vs $251,742). This suggests they may be drawing from their substantial asset base ($6,045,137) or relying on other undisclosed funding sources to cover operational costs.
What is the source of the organization's significant assets?
The organization's assets have grown significantly over time, from $1,229,124 in 2011 to $6,045,137 currently. This growth likely stems from past periods of high revenue generation (e.g., $1,082,329 in 2015) and potentially investment returns, rather than recent operational surpluses.
Why has revenue declined significantly in recent years compared to earlier periods?
Revenue peaked at over $1 million in 2014 and 2015 but has been below $650,000 since 2016, dropping to $326,485 in 2023. The reason for this decline is not apparent from the provided data and would require further investigation into fundraising strategies or changes in funding streams.
Filing History
IRS 990 filing history for Paloma Blanca Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Paloma Blanca Foundation's revenue has grown by 1614.6%, moving from $19K to $326K. Total assets increased by 372.2% over the same period, from $1.2M to $5.8M. Total functional expenses rose by 149.3%, from $201K to $502K. In its most recent filing year (2023), Paloma Blanca Foundation reported a deficit of $176K, with expenses exceeding revenue. The organization holds $1 in liabilities against $5.8M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $5.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $326K | $502K | $5.8M | $1 | — | View 990 |
| 2022 | $252K | $510K | $6.0M | $1 | — | View 990 |
| 2021 | $613K | $398K | $6.2M | $1 | — | — |
| 2020 | $289K | $366K | $6.0M | $1 | — | — |
| 2019 | $113K | $105K | $6.1M | $1 | — | View 990 |
| 2015 | $1.1M | $176K | $3.9M | $0 | — | View 990 |
| 2014 | $1.0M | $93K | $3.0M | $0 | — | View 990 |
| 2013 | $971K | $312K | $2.0M | $0 | — | View 990 |
| 2012 | $362K | $233K | $1.4M | $0 | — | View 990 |
| 2011 | $19K | $201K | $1.2M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $326K, expenses of $502K, and assets of $5.8M (revenue +29.7% year-over-year).
- 2022: Revenue of $252K, expenses of $510K, and assets of $6.0M (revenue -58.9% year-over-year).
- 2021: Revenue of $613K, expenses of $398K, and assets of $6.2M (revenue +112.0% year-over-year).
- 2020: Revenue of $289K, expenses of $366K, and assets of $6.0M (revenue +154.7% year-over-year).
- 2019: Revenue of $113K, expenses of $105K, and assets of $6.1M (revenue -89.5% year-over-year).
- 2015: Revenue of $1.1M, expenses of $176K, and assets of $3.9M (revenue +5.1% year-over-year).
- 2014: Revenue of $1.0M, expenses of $93K, and assets of $3.0M (revenue +6.0% year-over-year).
- 2013: Revenue of $971K, expenses of $312K, and assets of $2.0M (revenue +168.1% year-over-year).
- 2012: Revenue of $362K, expenses of $233K, and assets of $1.4M (revenue +1802.7% year-over-year).
- 2011: Revenue of $19K, expenses of $201K, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Paloma Blanca Foundation:
Data Sources and Methodology
This transparency report for Paloma Blanca 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.