Is Damial Foundation Inc Legit?

Quick charity verification for Damial Foundation Inc (EIN: 133693581)

Verdict: Damial Foundation Inc appears trustworthy

85/100Mission Score

$34.1MRevenue

$67.4MAssets

3Red Flags

4Strengths

Red Flags

Unknown NTEE code limits understanding of mission alignment
Lack of detailed expense breakdown prevents precise program efficiency assessment
Consistently $0 officer compensation for an organization with significant assets is unusual and warrants further investigation into executive remuneration practices.

Strengths

Strong asset growth, reaching $67,408,259 in the latest period
Consistently low liabilities ($0 or $1) indicating sound financial management
No reported officer compensation, suggesting high resource allocation to mission or low overhead
Expenses consistently much lower than revenue, indicating efficient operations or capital accumulation

Spending Breakdown

How Damial Foundation Inc allocates its funds across programs, administration, and fundraising.

85%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

Fundraising

Within typical range

How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.

How to Interpret This Report

What Red Flags Mean

Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.

What Mission Score Measures

The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.

Using This Data for Donation Decisions

Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.

Frequently Asked Questions about Damial Foundation Inc

Is Damial Foundation Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Damial Foundation Inc (EIN: 133693581) appears trustworthy. Mission Score: 85/100. 3 red flags identified, 4 strengths noted.

Is Damial Foundation Inc a good charity to donate to?

Damial Foundation Inc has a Mission Score of 85/100. Revenue: $34.1M. Assets: $67.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Damial Foundation Inc?

The Employer Identification Number (EIN) for Damial Foundation Inc is 133693581. This is the unique tax ID assigned by the IRS.

What is a Mission Score?

The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.

How does Damial Foundation Inc spend its money?

Damial Foundation Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Damial Foundation Inc's tax-exempt status?

You can verify Damial Foundation Inc's tax-exempt status using EIN 133693581 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.

AI Transparency Report

The Damial Foundation Inc. demonstrates a generally strong financial position with significant asset growth over the past few years, reaching $67,408,259 in the latest period. Revenue has fluctuated considerably, from a low of $454,159 in 2020 to a high of $37,985,380 in 2021, and $34,116,389 in the latest period, indicating a potentially project-based or grant-dependent funding model. The organization consistently reports $0 in officer compensation across all available filings, which is a notable aspect of its financial management and transparency regarding executive pay.

Spending efficiency appears robust, with expenses often significantly lower than revenue. For instance, in 2023, expenses were $6,848,732 against $23,934,881 in revenue, and in 2021, expenses were $4,705,979 against $37,985,380 in revenue. This suggests a high retention of funds, potentially for future programs or asset building. However, without a detailed breakdown of program, administrative, and fundraising expenses, a precise assessment of spending efficiency is challenging. The consistent reporting of minimal liabilities ($0 or $1) across all periods indicates sound financial management and low debt burden.

Transparency regarding executive compensation is excellent, with no reported officer compensation. However, the lack of NTEE code and detailed expense breakdowns in the provided data limits a full assessment of program focus and administrative overhead. The significant fluctuations in revenue and the low expense ratios suggest that the organization may be accumulating capital or has very low operational costs relative to its income.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.