Palpung Foundation

Analysis

Palpung Foundation is a registered charity in United States, based in Los Altos, CA. It received its IRS tax-exemption ruling in May 2011, 15 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Palpung Foundation reported income of $483k and spending of $262k, leaving 46% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $599k to $483k (-19%), an average of -5.2% a year. The sharpest change came in the year to December 2023, when income rose by 45%. Over the whole period it spent 191% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Palpung Foundation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 71st percentile within CA. Charities of a similar size with the same main cause include Nazareth Educational Ministries Association Inc ($483k), Reclaim Ministries Inc ($483k) and Lost Causes ($483k).

At year end it held assets of $9.0m against liabilities of $0, net assets of $9.0m.