Quick charity verification for Daniel Island Community Foundation Inc (EIN: 161617047)
Verdict: Daniel Island Community Foundation Inc shows mixed signals
65/100Mission Score
$23KRevenue
$19KAssets
4Red Flags
3Strengths
Red Flags
Significant decline in revenue from $26,246 in 2021 to $6,173 in 2023.
Expenses exceeded revenue in both 2022 and 2023, indicating operational deficits.
Substantial asset decline from a peak of $234,622 in 2019 to $31,923 in 2023.
Large expense spike in 2020 ($246,885) disproportionate to revenue ($43,712) without clear explanation in summary data.
Strengths
Consistent filing of IRS Form 990s over 13 periods, demonstrating transparency and compliance.
0% officer compensation reported across all filings, indicating efficient use of funds regarding executive pay.
No reported liabilities across all available filings, suggesting a debt-free status.
Spending Breakdown
How Daniel Island Community Foundation Inc allocates its funds across programs, administration, and fundraising.
70%
Program Spending
Below average — room for improvement
20%
Admin Costs
Reasonable — admin costs in check
10%
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 Daniel Island Community Foundation Inc
Is Daniel Island Community Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Daniel Island Community Foundation Inc (EIN: 161617047) shows mixed signals. Mission Score: 65/100. 4 red flags identified, 3 strengths noted.
Is Daniel Island Community Foundation Inc a good charity to donate to?
Daniel Island Community Foundation Inc has a Mission Score of 65/100. Revenue: $23K. Assets: $19K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Daniel Island Community Foundation Inc?
The Employer Identification Number (EIN) for Daniel Island Community Foundation Inc is 161617047. 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 Daniel Island Community Foundation Inc spend its money?
Daniel Island Community Foundation Inc allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Daniel Island Community Foundation Inc's tax-exempt status?
You can verify Daniel Island Community Foundation Inc's tax-exempt status using EIN 161617047 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 Daniel Island Community Foundation Inc. exhibits fluctuating financial health over the past decade. While it has periods of strong revenue generation, such as $255,963 in 2015 and $129,200 in 2019, recent years show a significant decline, with revenue dropping to $6,173 in 2023. The organization also experienced a substantial deficit in 2020, with expenses of $246,885 against revenue of $43,712, which significantly impacted its assets. Its asset base has also seen a decline from a high of $234,622 in 2019 to $31,923 in 2023.
Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. However, the consistent reporting of 0% officer compensation across all filings suggests good stewardship regarding executive pay. The organization's transparency is generally good, as evidenced by its consistent filing of IRS Form 990s over 13 periods, indicating compliance with reporting requirements.
Overall, the foundation appears to be in a challenging financial position, with recent revenues not covering expenses in 2022 and 2023, and a shrinking asset base. While executive compensation is not a concern, the sustainability of its operations given current financial trends warrants closer examination.