Pleiades Foundation
Pleiades Foundation consistently spends more than it earns, drawing down substantial assets with no reported officer compensation.
EIN: 206246872 · Missoula, MT · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $439K |
| Total Expenses | $161K |
| Program Spending | 70% |
| CEO/Top Officer Pay | $2 |
| Net Assets | $2.1M |
| Transparency Score | 75/100 |
Is Pleiades Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Pleiades Foundation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Pleiades Foundation
Pleiades Foundation (EIN: 206246872) is a nonprofit organization based in Missoula, MT, classified under NTEE code T22. The organization reported total revenue of $439K and total assets of $2.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Pleiades Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Pleiades Foundation is a small nonprofit that has been operating for 22 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $77K |
| Total Expenses | $161K |
| Surplus / Deficit | $-84,237 |
| Total Assets | $2.1M |
| Total Liabilities | $1 |
| Net Assets | $2.1M |
| Operating Margin | -109.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 156.3 months |
Financial Health Grade: B
In 2023, Pleiades Foundation reported a deficit of $84K with expenses exceeding revenue, holds 156.3 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), Pleiades Foundation's revenue has grown at a compound annual growth rate (CAGR) of 7.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +38.4% | +3.8% | +6.3% |
| 2022 | -52.5% | +53.4% | -15.6% |
| 2021 | -75.4% | +29.7% | +6.6% |
| 2020 | -17.4% | +3.2% | +24.6% |
| 2019 | +1153.2% | -5.0% | +40.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| 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 Pleiades Foundation 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Pleiades Foundation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $84K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating that executive leadership is either entirely volunteer-based or compensated through mechanisms not classified as officer compensation, which is highly unusual for an organization with over $2 million in assets.
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 Pleiades Foundation's IRS 990 filings:
- Consistent operational deficits (e.g., $76,919 revenue vs. $161,156 expenses in 2023)
- Reliance on spending down assets without clear self-sustaining revenue model
- Unusually low liabilities ($1 across multiple years) which could indicate a lack of operational complexity or specific financial structures
- No reported officer compensation for an organization with significant assets, which could mask compensation or indicate an unsustainable volunteer model for leadership.
Strengths
The following positive indicators were identified for Pleiades Foundation:
- Substantial asset base ($2,198,340 latest assets) providing financial stability for its mission
- Extremely low liabilities ($1 across multiple years) indicating strong debt management
- Consistent IRS 990 filing history (10 filings) demonstrating transparency and compliance
- No reported officer compensation, suggesting high efficiency in leadership costs or strong volunteer engagement.
Frequently Asked Questions about Pleiades Foundation
Is Pleiades Foundation a legitimate charity?
Pleiades Foundation (EIN: 206246872) is a registered tax-exempt nonprofit based in Montana. Our AI analysis gives it a Mission Score of 75/100. It has 10 years of IRS 990 filings on record. Total revenue: $439K. 4 red flags identified. 4 strengths noted. Financial health grade: B.
How does Pleiades Foundation spend its money?
Pleiades Foundation directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Pleiades Foundation tax-deductible?
Pleiades Foundation is registered as a tax-exempt nonprofit (EIN: 206246872). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Pleiades Foundation CEO make?
Pleiades Foundation's highest-compensated officer earns $2 annually. The organization reported $439K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Pleiades Foundation's spending goes to programs?
Pleiades Foundation directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Pleiades Foundation compare to similar nonprofits?
With a transparency score of 75/100 (Good), Pleiades 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 Pleiades Foundation located?
Pleiades Foundation is headquartered in Missoula, Montana and files with the IRS under EIN 206246872. It is classified under NTEE code T22.
How many years of IRS 990 filings does Pleiades Foundation have?
Pleiades 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 $439K in total revenue.
How does Pleiades Foundation sustain its operations given consistent revenue deficits?
The foundation appears to be spending down its substantial asset base, as evidenced by consistent expenses exceeding revenue (e.g., $161,156 expenses vs. $76,919 revenue in 2023) while maintaining over $2 million in assets.
What is the long-term strategy for revenue generation?
The provided data does not detail a long-term revenue generation strategy, as recent filings show a pattern of revenue significantly lower than expenses, suggesting a reliance on existing capital.
Who are the officers and how are they compensated, if not through reported officer compensation?
The filings consistently report 0% officer compensation, which implies either a fully volunteer leadership structure or compensation through non-traditional means not captured in this category, requiring further investigation.
What specific programs does the Pleiades Foundation fund with its expenditures?
The NTEE code T22 indicates 'Philanthropy, Voluntarism, and Grantmaking Foundations', suggesting their programs involve grantmaking, but specific program details are not available in this financial summary.
Filing History
IRS 990 filing history for Pleiades Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Pleiades Foundation's revenue has grown by 129.4%, moving from $34K to $77K. Total assets increased by 57.7% over the same period, from $1.3M to $2.1M. Total functional expenses rose by 101.3%, from $80K to $161K. In its most recent filing year (2023), Pleiades Foundation reported a deficit of $84K, with expenses exceeding revenue. The organization holds $1 in liabilities against $2.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $77K | $161K | $2.1M | $1 | — | — |
| 2022 | $56K | $155K | $2.0M | $1 | — | View 990 |
| 2021 | $117K | $101K | $2.3M | $1 | — | — |
| 2020 | $475K | $78K | $2.2M | $1 | — | — |
| 2019 | $576K | $76K | $1.8M | $1 | — | View 990 |
| 2015 | $46K | $80K | $1.3M | $1 | — | View 990 |
| 2014 | $96K | $82K | $1.3M | $1 | — | View 990 |
| 2013 | $63K | $79K | $1.4M | $1 | — | View 990 |
| 2012 | $45K | $84K | $1.3M | $1 | — | View 990 |
| 2011 | $34K | $80K | $1.3M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $77K, expenses of $161K, and assets of $2.1M (revenue +38.4% year-over-year).
- 2022: Revenue of $56K, expenses of $155K, and assets of $2.0M (revenue -52.5% year-over-year).
- 2021: Revenue of $117K, expenses of $101K, and assets of $2.3M (revenue -75.4% year-over-year).
- 2020: Revenue of $475K, expenses of $78K, and assets of $2.2M (revenue -17.4% year-over-year).
- 2019: Revenue of $576K, expenses of $76K, and assets of $1.8M (revenue +1153.2% year-over-year).
- 2015: Revenue of $46K, expenses of $80K, and assets of $1.3M (revenue -51.9% year-over-year).
- 2014: Revenue of $96K, expenses of $82K, and assets of $1.3M (revenue +51.0% year-over-year).
- 2013: Revenue of $63K, expenses of $79K, and assets of $1.4M (revenue +41.7% year-over-year).
- 2012: Revenue of $45K, expenses of $84K, and assets of $1.3M (revenue +33.3% year-over-year).
- 2011: Revenue of $34K, expenses of $80K, and assets of $1.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Pleiades Foundation:
Data Sources and Methodology
This transparency report for Pleiades 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.