Quick charity verification for Dare Msy Charitable Foundation (EIN: 207204930)
Verdict: Dare Msy Charitable Foundation appears trustworthy
85/100Mission Score
$3.7MRevenue
$13.3MAssets
2Red Flags
4Strengths
Red Flags
Frequent periods of expenses significantly exceeding revenue, such as $2,088,543 in expenses vs. $784,427 in revenue in 202312, which, while common for private foundations, warrants understanding of asset utilization.
Unusual consistent reporting of 'Liabilities=$1' across all filings, which may indicate a reporting anomaly.
Strengths
Substantial and stable asset base, consistently over $13 million, providing long-term financial security.
Zero reported officer compensation across all filings, indicating efficient use of funds and low administrative overhead.
Consistent filing of IRS Form 990s, demonstrating transparency.
As a private foundation, its primary purpose is grant-making, directly supporting other charitable activities.
Spending Breakdown
How Dare Msy Charitable Foundation allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
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 Dare Msy Charitable Foundation
Is Dare Msy Charitable Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Dare Msy Charitable Foundation (EIN: 207204930) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Dare Msy Charitable Foundation a good charity to donate to?
Dare Msy Charitable Foundation has a Mission Score of 85/100. Revenue: $3.7M. Assets: $13.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Dare Msy Charitable Foundation?
The Employer Identification Number (EIN) for Dare Msy Charitable Foundation is 207204930. 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 Dare Msy Charitable Foundation spend its money?
Dare Msy Charitable Foundation allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Dare Msy Charitable Foundation's tax-exempt status?
You can verify Dare Msy Charitable Foundation's tax-exempt status using EIN 207204930 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 Dare Msy Charitable Foundation exhibits a unique financial profile, primarily functioning as a grant-making private foundation (NTEE T22). Its financial health appears stable with substantial assets, consistently over $13 million, reaching $13,635,974 in the latest period (202312). However, the foundation has frequently operated with expenses exceeding revenue, notably in 202312 where expenses were $2,088,543 against revenue of $784,427, and in 202112 with expenses of $1,109,973 against revenue of $354,819. This suggests a strategy of spending down assets or relying on prior period gains, which is common for private foundations.
Spending efficiency is difficult to fully assess without a detailed breakdown of program service expenses versus administrative and fundraising costs, which are not provided in the summary data. However, as a private foundation, its primary 'program' is grant-making. The consistent 'Liabilities=$1' across all reported periods is highly unusual and suggests either a reporting anomaly or that the foundation has virtually no outstanding obligations, which could be a positive indicator of financial management.
Transparency is generally good due to the availability of 990 filings. The consistent reporting of 0% officer compensation across all periods indicates that executive leadership is either unpaid or compensated through other means not classified as officer compensation, which is a strong positive for donor confidence regarding overhead.