Is Darsey Family Foundation Inc Legit?

Quick charity verification for Darsey Family Foundation Inc (EIN: 20762799)

Verdict: Darsey Family Foundation Inc appears trustworthy

80/100Mission Score

$250KRevenue

$475KAssets

2Red Flags

4Strengths

Red Flags

Significant year-to-year revenue volatility (e.g., $307,187 in 2013 vs. $5,845 in 2023)
Expenses frequently exceed revenue, indicating reliance on asset drawdowns without clear justification of program impact.

Strengths

Consistent asset growth over time, from $176,161 in 2011 to $397,481 in 2023.
Zero officer compensation reported across all filings, indicating high efficiency in executive costs.
Minimal liabilities ($1) consistently reported, showing strong financial health and no debt burden.
Long history of IRS 990 filings (10 filings), demonstrating consistent reporting and transparency.

Spending Breakdown

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

90%

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 Darsey Family Foundation Inc

Is Darsey Family Foundation Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Darsey Family Foundation Inc (EIN: 20762799) appears trustworthy. Mission Score: 80/100. 2 red flags identified, 4 strengths noted.

Is Darsey Family Foundation Inc a good charity to donate to?

Darsey Family Foundation Inc has a Mission Score of 80/100. Revenue: $250K. Assets: $475K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Darsey Family Foundation Inc?

The Employer Identification Number (EIN) for Darsey Family Foundation Inc is 20762799. 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 Darsey Family Foundation Inc spend its money?

Darsey Family Foundation Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

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

You can verify Darsey Family Foundation Inc's tax-exempt status using EIN 20762799 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 Darsey Family Foundation Inc. appears to be a small private foundation, as indicated by its NTEE code B82 (Private Grantmaking Foundations) and consistent low revenue figures in most years. Its financial health shows some volatility in revenue, with a significant spike in 2013 ($307,187) but generally much lower figures, such as $5,845 in 2023. Assets have grown from $176,161 in 2011 to $397,481 in 2023, indicating prudent management of its endowment over time, despite fluctuating annual revenues. The organization consistently reports minimal liabilities ($1), suggesting a very stable financial position with no significant debt burden.

Spending efficiency is difficult to fully assess without detailed expense breakdowns beyond total expenses. However, in several years (e.g., 2023, 2021, 2020, 2015, 2014), expenses exceeded revenue, suggesting the foundation is drawing from its assets to fund its activities, which is common for grantmaking foundations. For instance, in 2023, expenses were $19,362 against revenue of $5,845. The absence of reported officer compensation across all filings indicates that administrative costs related to executive salaries are non-existent, which is a positive sign for efficiency. However, without a breakdown of program vs. administrative expenses, a precise efficiency ratio cannot be calculated.

Transparency is generally good given the availability of 10 years of IRS 990 filings. The consistent reporting of zero officer compensation enhances trust. However, the lack of detailed expense categories within the provided data makes it challenging to fully understand how funds are allocated between program services, administration, and fundraising. For a more complete picture, access to the full 990 forms detailing functional expenses would be beneficial.

View Full Transparency Report →

Disclaimer

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