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
| Metric | Value |
|---|---|
| Total Revenue | $343.3M |
| Total Expenses | $133.1M |
| Program Spending | 70% |
| Net Assets | $454.2M |
| Transparency Score | 65/100 |
Search Intent Cockpit
Valhalla Foundation Form 990, Revenue, CEO Pay, and IRS Filing Signals
Valhalla Foundation is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Valhalla Foundation in one place.
Form 990 Filing Summary
10 filing years are available, with latest revenue of $16.1M and expenses of $133.1M.
Revenue and Expenses
Valhalla Foundation reported $16.1M in revenue and $133.1M in expenses, a deficit of $117.0M.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
65/100 mission score, 4 red flags, and 3 strengths are shown from structured and AI review.
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 →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $93.2M (70%) |
Across stored filings, Valhalla Foundation shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 4 red flags identified |
| Mission spend | 70% to programs | Good |
| Financial durability | Grade B | 10 stored filing years |
| Peer context | Compare with Butte County Fire Safe Council | California and Philanthropy context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
Open charity check →Peer Benchmark
Compare against real state and category peers.
Compare with Butte County Fire Safe Council →All California nonprofits
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Local and Sector Spokes
Move into this nonprofit's local market, category, and sector maps.
Woodside, CA nonprofitsPhilanthropy in California
Public Benefit in California
Follow the Money
Jump into spending, compensation, rankings, and filing-year evidence.
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Donation Decision Flow
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Keep the Investigation Moving
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.
Organization Overview
Valhalla Foundation is a major 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 -10.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $16.1M |
| Total Expenses | $133.1M |
| Surplus / Deficit | $-116,985,306 |
| Total Assets | $602.3M |
| Total Liabilities | $148.1M |
| Net Assets | $454.2M |
| Operating Margin | -725.0% |
| Debt-to-Asset Ratio | 24.6% |
| Months of Reserves | 54.3 months |
Financial Health Grade: B
In 2023, Valhalla Foundation reported a deficit of $117.0M with expenses exceeding revenue, holds 54.3 months of operating reserves (strong position), has a debt-to-asset ratio of 24.6% (moderate leverage).
Financial Trends
Over 10 years of filings (2011–2023), Valhalla Foundation's revenue has declined at a compound annual growth rate (CAGR) of -10.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +24.8% | +48.0% | -5.6% |
| 2022 | -74.4% | -13.2% | -24.0% |
| 2021 | -89.1% | -11.0% | +5.2% |
| 2020 | +84.3% | +105.1% | +135.6% |
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 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $117.0M, with expenses exceeding revenue.
- Debt-to-asset ratio: 24.6%.
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?
Valhalla Foundation (EIN: 200478828) is a registered tax-exempt nonprofit based in California. Our AI analysis gives it a Mission Score of 65/100. It has 10 years of IRS 990 filings on record. Total revenue: $343.3M. 4 red flags identified. 3 strengths noted. Financial health grade: B.
How does Valhalla Foundation spend its money?
Valhalla Foundation directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
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.
What percentage of Valhalla Foundation's spending goes to programs?
Valhalla Foundation directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Valhalla Foundation compare to similar nonprofits?
With a transparency score of 65/100 (Good), Valhalla 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 Valhalla Foundation located?
Valhalla Foundation is headquartered in Woodside, California and files with the IRS under EIN 200478828. It is classified under NTEE code T22.
How many years of IRS 990 filings does Valhalla Foundation have?
Valhalla 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 $343.3M in total revenue.
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.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Valhalla Foundation:
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.