Valhalla Foundation
Valhalla Foundation experiences significant financial volatility with recent expenses far exceeding revenue, despite zero reported officer compensation.
EIN: 200478828 · Woodside, CA · NTEE: T22 · Updated: 2026-03-28
Is Valhalla Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Valhalla Foundation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Valhalla Foundation
Valhalla Foundation (EIN: 200478828) is a nonprofit organization based in Woodside, CA, classified under NTEE code T22. The organization reported total revenue of $343.3M and total assets of $527.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Valhalla Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Valhalla Foundation with a Mission Score of 65 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, Valhalla Foundation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
The Valhalla Foundation consistently reports 0% officer compensation across all available filings, indicating that no compensation is paid to its officers, which is a strong positive for financial transparency and resource allocation.
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 Valhalla Foundation's IRS 990 filings:
- Significant and consistent negative net income in recent years (e.g., 2023 expenses $133M vs. revenue $16M)
- Substantial increase in liabilities from $0 in 2015 to $148M in 2023, without clear explanation in summary data
- Highly volatile revenue streams, making financial planning and sustainability uncertain
- Declining assets from a peak of $839M in 2021 to $602M in 2023, potentially due to covering operational deficits
Strengths
The following positive indicators were identified for Valhalla Foundation:
- Consistent reporting of 0% officer compensation, indicating strong transparency in executive pay
- Substantial asset base ($602M in 2023) provides a buffer despite operational deficits
- Long filing history (10 filings) demonstrates consistent reporting to the IRS
Frequently Asked Questions about Valhalla Foundation
Is Valhalla Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Valhalla Foundation (EIN: 200478828) some concerns. Mission Score: 65/100. 4 red flags identified, 3 strengths noted.
How does Valhalla Foundation spend its money?
Valhalla Foundation directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Valhalla Foundation tax-deductible?
Valhalla Foundation is registered as a tax-exempt nonprofit (EIN: 200478828). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Valhalla Foundation sustain operations when expenses consistently exceed revenue, as seen in 2023 ($133M expenses vs. $16M revenue)?
The organization likely relies on drawing from its substantial asset base or receives significant non-operating income not categorized as 'Revenue' in these summaries to cover operational deficits.
What is the nature of the significant increase in liabilities, from $0 in 2015 to $148M in 2023?
The increase in liabilities could be due to various factors such as debt financing, deferred revenue, or increased program-related obligations, which would require a deeper dive into the balance sheet details.
What caused the drastic fluctuations in revenue, such as the peak of $465M in 2020 followed by a drop to $16M in 2023?
Such large swings in revenue often indicate reliance on a few large donations, investment gains, or specific project funding that are not consistently recurring.
Filing History
IRS 990 filing history for Valhalla Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Valhalla Foundation's revenue has declined by 74.7%, moving from $63.8M to $16.1M. Total assets increased by 510.6% over the same period, from $98.6M to $602.3M. Total functional expenses rose by 1118.1%, from $10.9M to $133.1M. In its most recent filing year (2023), Valhalla Foundation reported a deficit of $117.0M, with expenses exceeding revenue. The organization holds $148.1M in liabilities against $602.3M in assets (debt-to-asset ratio: 24.6%), resulting in net assets of $454.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $16.1M | $133.1M | $602.3M | $148.1M | — | View 990 |
| 2022 | $12.9M | $89.9M | $638.3M | $132.2M | — | — |
| 2021 | $50.5M | $103.7M | $839.6M | $128.0M | — | View 990 |
| 2020 | $465.1M | $116.5M | $798.1M | $92.4M | — | — |
| 2019 | $252.4M | $56.8M | $338.7M | $36.8M | — | — |
| 2015 | $-2,671,348 | $13.7M | $85.3M | $0 | — | View 990 |
| 2014 | $-27,775 | $6.4M | $99.6M | $0 | — | View 990 |
| 2013 | $13.3M | $4.8M | $106.0M | $0 | — | View 990 |
| 2012 | $21.4M | $3.6M | $98.2M | $0 | — | View 990 |
| 2011 | $63.8M | $10.9M | $98.6M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $16.1M, expenses of $133.1M, and assets of $602.3M (revenue +24.8% year-over-year).
- 2022: Revenue of $12.9M, expenses of $89.9M, and assets of $638.3M (revenue -74.4% year-over-year).
- 2021: Revenue of $50.5M, expenses of $103.7M, and assets of $839.6M (revenue -89.1% year-over-year).
- 2020: Revenue of $465.1M, expenses of $116.5M, and assets of $798.1M (revenue +84.3% year-over-year).
- 2019: Revenue of $252.4M, expenses of $56.8M, and assets of $338.7M.
- 2015: Revenue of $-2,671,348, expenses of $13.7M, and assets of $85.3M.
- 2014: Revenue of $-27,775, expenses of $6.4M, and assets of $99.6M (revenue -100.2% year-over-year).
- 2013: Revenue of $13.3M, expenses of $4.8M, and assets of $106.0M (revenue -38.1% year-over-year).
- 2012: Revenue of $21.4M, expenses of $3.6M, and assets of $98.2M (revenue -66.4% year-over-year).
- 2011: Revenue of $63.8M, expenses of $10.9M, and assets of $98.6M.
Data Sources and Methodology
This transparency report for Valhalla 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.