Palpung Foundation
Overview
Mission
The foundation is set up as a type i supporting organization exclusively for the benefit of, to perform the functions of, or to carry out the purposes of buddhist temple - palpung lungtok choeling, which is a tax-exempt religious charity in the USA.
Operating model
- Revenue model
- Investment-supported. 100% of the money available for current operations came from recurring investment income.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
Nonprofit profile at a glance
- EIN
- 261788601
- IRS 990 coverage
- 2010–2025
- Forms available
- Form 990 2025
- Headquarters
- Los Altos, CA, USA
- Rating
- 66
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Fund Raising and Fund Distribution
- Affiliation
- Buddhism
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and the filing reports that some governance safeguards are missing.
Rating breakdown
- Financial Efficiency: 44
- Transparency & Controls: 100
- Accountability: 64
- Sustainability: 94
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 18.2%; rating input score 18
- Program expense ratio: 86.4%; rating input score 86
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 78th percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
- Public monitoring controls: Limited
- Public policy transparency: Limited
- Public financial transparency: Limited
- Impact reporting controls: Limited
- Public relationship transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 65th percentile among comparable filings
- Governance controls: 1 of 7 controls in place; rating input score 14
- Public governance controls: Limited
- Zakat policy transparency: Limited
Sustainability
- Operating margin: 80.5%; rating input score 97; 97th percentile among comparable filings
- Operating reserve ratio: 90.02; rating input score 99; 99th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 87; 87th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 77; 77th percentile among comparable filings
Growth
- Program expense growth: -5.3% per year; rating input score 0; 7th percentile among comparable filings
- Revenue growth: -2.6% per year; rating input score 0; 6th percentile among comparable filings
- Asset growth: 9.9% per year; rating input score 100; 53rd percentile among comparable filings
Details
- Where the money goes: 18.2% of revenue deployed · 86.4% of spending went to programs
- Governance: 3 of 3 board members independent · 1 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $95K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 16 of 16 current checks pass
- Schedules: 3 filed schedules · includes grants
- Filing history: 11 annual filings from 2010 to 2025
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 1 filed related-organization link
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.