Quick charity verification for Dedalus Foundation Inc (EIN: 133091704)
Verdict: Dedalus Foundation Inc appears trustworthy
92/100Mission Score
$38.2MRevenue
$63.0MAssets
2Red Flags
4Strengths
Red Flags
Unusually high 'Latest Revenue' figure ($38,155,742) compared to historical filings, which average around $4-5 million, warrants further investigation for potential one-time events or reporting errors.
Consistent 0% officer compensation for an organization with over $60 million in assets is highly unusual and could indicate compensation is reported in other categories or that leadership is entirely volunteer-based, which might not be sustainable long-term.
Strengths
Strong and growing asset base, reaching $61.8 million in 2023, indicating long-term financial stability.
Consistent reporting of 0% officer compensation, suggesting a very high proportion of funds are directed towards programmatic activities.
Generally low liabilities across most filing periods, indicating sound financial management and low debt.
Positive net income in several recent years (e.g., $1.3 million in 2023), demonstrating an ability to manage expenses within revenue.
Spending Breakdown
How Dedalus Foundation Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
3%
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 Dedalus Foundation Inc
Is Dedalus Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Dedalus Foundation Inc (EIN: 133091704) appears trustworthy. Mission Score: 92/100. 2 red flags identified, 4 strengths noted.
Is Dedalus Foundation Inc a good charity to donate to?
Dedalus Foundation Inc has a Mission Score of 92/100. Revenue: $38.2M. Assets: $63.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Dedalus Foundation Inc?
The Employer Identification Number (EIN) for Dedalus Foundation Inc is 133091704. 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 Dedalus Foundation Inc spend its money?
Dedalus Foundation Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Dedalus Foundation Inc's tax-exempt status?
You can verify Dedalus Foundation Inc's tax-exempt status using EIN 133091704 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 Dedalus Foundation Inc. demonstrates a generally stable financial position with significant assets, consistently above $50 million over the past decade, reaching $61.8 million in 2023. While revenue has fluctuated, including a notable $38.1 million in the latest reported period (likely an anomaly given the filing history), the organization has managed its expenses, often spending less than or close to its revenue in recent years. For instance, in 2023, expenses were $4.59 million against $5.91 million in revenue, indicating a surplus. However, there have been periods of deficit spending, such as in 2022 where expenses ($4.73 million) exceeded revenue ($3.58 million).
The foundation's spending efficiency appears to be strong, with a high proportion of expenses directed towards program services. The absence of reported officer compensation across all available filings suggests a lean administrative structure at the executive level, which is a positive indicator for donor confidence. The consistent reporting of minimal liabilities also points to sound financial management and low financial risk. Overall, the foundation appears to be a well-managed entity with a solid asset base and a commitment to its mission, as evidenced by its spending patterns and lack of executive compensation.