Quick charity verification for Daniele Agostino Derossi Foundation Inc (EIN: 133636541)
Verdict: Daniele Agostino Derossi Foundation Inc shows mixed signals
65/100Mission Score
$1.2MRevenue
$8.9MAssets
3Red Flags
2Strengths
Red Flags
Consistent operating deficits (expenses exceeding revenue) in recent years, e.g., $895,897 expenses vs. $368,538 revenue in 2023.
Decreasing asset base from $9,821,701 in 2021 to $8,668,975 in 2023, indicating reliance on reserves.
Significant revenue volatility, with a $9.5M spike in 2018 contrasting with much lower figures in other years, suggesting inconsistent funding sources.
Strengths
Zero officer compensation reported across all filings, indicating efficient use of funds for leadership.
Maintains a substantial asset base of $8,913,994, providing a buffer despite recent deficits.
Spending Breakdown
How Daniele Agostino Derossi 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 Daniele Agostino Derossi Foundation Inc
Is Daniele Agostino Derossi Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Daniele Agostino Derossi Foundation Inc (EIN: 133636541) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 2 strengths noted.
Is Daniele Agostino Derossi Foundation Inc a good charity to donate to?
Daniele Agostino Derossi Foundation Inc has a Mission Score of 65/100. Revenue: $1.2M. Assets: $8.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Daniele Agostino Derossi Foundation Inc?
The Employer Identification Number (EIN) for Daniele Agostino Derossi Foundation Inc is 133636541. 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 Daniele Agostino Derossi Foundation Inc spend its money?
Daniele Agostino Derossi Foundation Inc allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Daniele Agostino Derossi Foundation Inc's tax-exempt status?
You can verify Daniele Agostino Derossi Foundation Inc's tax-exempt status using EIN 133636541 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 Daniele Agostino Derossi Foundation Inc. exhibits a mixed financial picture. While the organization consistently reports zero officer compensation, indicating good transparency regarding executive pay, its financial sustainability appears challenged by a consistent pattern of expenses exceeding revenue in recent years. For instance, in 2023, expenses were $895,897 against revenues of $368,538, and similar deficits are seen in 2022 ($650,752 expenses vs. $425,417 revenue) and 2021 ($883,845 expenses vs. $567,920 revenue). This trend suggests the foundation is drawing down its assets to cover operational costs, as evidenced by the decrease in assets from $9,821,701 in 2021 to $8,668,975 in 2023. The significant revenue spike in 2018 ($9,562,190) stands out as an anomaly compared to other years, which generally show much lower revenue figures. Without detailed expense breakdowns, it's difficult to fully assess spending efficiency, but the consistent operating deficits are a concern for long-term viability.