Palaver Strings Incorporated is a 501(c)(3) organization based in Portland, Maine, registered in 2015, with $777,788 in FY2023 revenue. CharityIndex grades it C+.
Revenue (FY2023)
$778K
▲ 23.9% vs prior year
Arts & Culture median: $159K
Expenses (FY2023)
$804K
Net assets
$74K
Employees
—
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 Palaver Strings Incorporated— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
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 Palaver Strings Incorporated: 1 mo reserves · -3% margin earns a C+ on this criterion. See the exact thresholds →
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 Palaver Strings Incorporated— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
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 Palaver Strings Incorporated: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $80K (FY2016) to $778K (FY2023) across 8 reported years.
Financial snapshot
Operating margin
-3.3%
Spent more than it raised in the latest fiscal year.
Total assets
$110K
Total liabilities
$36K
Net assets
$74K
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $777,788▲23.9% | $803,759▲34.3% | $73,952▼26.0% | $110,170▼33.3% | 990 |
| 2022 | $627,876▲14.4% | $598,545▲16.2% | $99,923▲41.6% | $165,064▲134% | 990 |
| 2021 | $548,970▲61.4% | $515,047▲82.6% | $70,592▲33.6% | $70,592▼43.3% | 990 |
| 2020 | $340,191▲20.3% | $281,993▼6.0% | $52,852▲1089% | $124,555▲95.5% | 990 |
| 2019 | $282,795▲29.9% | $299,865▲46.6% | -$5,346▼146% | $63,724▲89.0% | 990 |
| 2018 | $217,772▲41.8% | $204,481▲31.0% | $11,720▲846% | $33,720▲1555% | 990 |
| 2017 | $153,568▲91.3% | $156,145▲95.4% | -$1,571▼256% | $2,037▼83.0% | 990EZ |
| 2016 | $80,290 | $79,894 | $1,007 | $12,007 | 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.
25 grants to Palaver Strings Incorporated totaling $585K, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Maine Community Foundation Inc | Performing arts, transportation | 2024 | $143,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $5,000 |
| Maine Community Foundation Inc | Performing arts | 2023 | $41,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $39,710 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2023 | $27,000 |
| Donor Advised Charitable Giving | Arts, culture & humanities | 2023 | $7,600 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $49,350 |
| Maine Community Foundation Inc | Performing arts | 2022 | $31,000 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2022 | $24,200 |
| Donor Advised Charitable Giving | Arts, culture & humanities | 2022 | $13,750 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $39,950 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $39,950 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2021 | $18,500 |
| Boston Foundation Inc | Arts | 2021 | $15,000 |
| Donor Advised Charitable Giving | Arts, culture & humanities | 2021 | $5,750 |
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Data for Palaver Strings Incorporated (EIN 47-4914834) 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.