Substantial decline in total assets over time (from $6.96M in 2017 to $3.36M in 2023).
Revenue has been highly volatile and generally declining since 2017 ($2.6M in 2017 to $662K in 2023).
Strengths
Reports 0% officer compensation, indicating efficient use of funds at the executive level.
Maintains a significant asset base, despite declines, which provides some buffer for operations.
Spending Breakdown
How Dharma Ocean Foundation 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 Dharma Ocean Foundation
Is Dharma Ocean Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Dharma Ocean Foundation (EIN: 202417344) shows mixed signals. Mission Score: 45/100. 3 red flags identified, 2 strengths noted.
Is Dharma Ocean Foundation a good charity to donate to?
Dharma Ocean Foundation has a Mission Score of 45/100. Revenue: $392K. Assets: $3.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Dharma Ocean Foundation?
The Employer Identification Number (EIN) for Dharma Ocean Foundation is 202417344. 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 Dharma Ocean Foundation spend its money?
Dharma Ocean Foundation allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Dharma Ocean Foundation's tax-exempt status?
You can verify Dharma Ocean Foundation's tax-exempt status using EIN 202417344 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
Dharma Ocean Foundation exhibits a concerning trend of operating deficits over the past several years, with expenses consistently exceeding revenue. For instance, in 2023, expenses were $998,643 against revenues of $662,521, and in 2022, expenses were $839,737 against revenues of $271,918. This sustained deficit spending has led to a significant decline in net assets, which have fallen from $6,960,083 in 2017 to $3,356,012 in 2023. While the organization reports 0% officer compensation, which is a positive sign for resource allocation, the overall financial health appears to be deteriorating.
The organization's ability to sustain its operations given these deficits is questionable. The substantial decrease in assets suggests that the foundation is liquidating its reserves to cover operational costs. Without a clear strategy to reverse these financial trends, the long-term viability of Dharma Ocean Foundation is at risk. The lack of reported officer compensation is a strong point for transparency regarding executive pay, but it does not offset the broader financial instability.