P A L S Fund
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Declining revenue
P A L S Fund is a 501(c)(3) organization based in Corp Christi, Texas, registered in 1994, with $6 in FY2021 revenue. CharityIndex grades it F.
5113 Merganser Dr, Corp Christi, TX, 78413 EIN 74-2693345 Since 1994
Revenue (FY2021)
$6
▼ 100.0% vs prior year
Expenses (FY2021)
$70
Net assets
$116K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
F
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for P A L S Fund— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
FFinancial health25% of the rating19953 mo reserves · -1067% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For P A L S Fund: 19953 mo reserves · -1067% margin earns a F on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for P A L S Fund— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
FTransparency10% of the rating0 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For P A L S Fund: 0 of 5 disclosure signals earns a F on this criterion. See the exact thresholds →
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Contact & location
- Address
- 5113 Merganser Dr, Corp Christi, TX, 78413
- City
- Corp Christi
- State
- Texas
- Category
- —
- Subcategory
- —
Financial trends
Revenue declined from $74K (FY2011) to $6 (FY2021) across 10 reported years.
Financial snapshot
Financial health & position (FY2021)
Liabilities $0Net assets $116K
Operating margin
-1066.7%
Spent more than it raised in the latest fiscal year.
Total assets
$116K
Total liabilities
$0
Net assets
$116K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2021 | $6▼100.0% | $70▼100.0% | $116,391▼0.1% | $116,391▼0.1% | 990 |
| 2020 | $28,508▼57.7% | $232,562▲187% | $116,455▼63.7% | $116,455▼63.7% | 990 |
| 2019 | $67,416▼35.2% | $81,104▲10.1% | $320,509▼3.7% | $320,509▼3.7% | 990 |
| 2018 | $104,004▼3.5% | $73,674▼67.1% | $332,993▲9.7% | $332,993▲9.7% | 990 |
| 2017 | $107,728▼57.4% | $224,009▼7.2% | $303,543▼26.1% | $303,543▼27.0% | 990 |
| 2016 | $252,765▲105% | $241,360▲86.1% | $410,828▲2.9% | $415,538▲2.8% | 990 |
| 2015 | $123,002▲3.8% | $129,701▲63.9% | $399,423▼1.6% | $404,207▼0.6% | 990 |
| 2014 | $118,534▼49.4% | $79,128▼57.2% | $406,122▲10.7% | $406,579▲10.9% | 990 |
| 2013 | $234,099 | $185,059▲207% | $366,716▲15.4% | $366,716▲15.4% | 990 |
| 2012 | — | $60,243▲45.9% | $317,676▲149% | $317,676▲149% | 990 |
| 2011 | $73,839 | $41,301 | $127,410 | $127,410 | 990EZ |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $200 total
1 grant to P A L S Fund totaling $200, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Community Foundation of North Texas | For general operating expenses | 2014 | $200 |
Frequently asked questions
- Is P A L S Fund a legitimate nonprofit?
- Yes. P A L S Fund is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 74-2693345, based in Corp Christi, Texas. Donations are tax-deductible.
- What is P A L S Fund's EIN?
- P A L S Fund's Employer Identification Number (EIN) is 74-2693345.
- How much revenue does P A L S Fund report?
- P A L S Fund reported $6 in total revenue on its fiscal year 2021 IRS Form 990 filing.
- What financial grade does P A L S Fund have?
- CharityIndex grades P A L S Fund F, based on financial health (reserves and operating margin).
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Data for P A L S Fund (EIN 74-2693345) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.