Is Dimatteo Family Charitable Foundation Inc Legit?
Quick charity verification for Dimatteo Family Charitable Foundation Inc (EIN: 204145735)
Verdict: Dimatteo Family Charitable Foundation Inc appears trustworthy
90/100Mission Score
$191KRevenue
$8KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Zero officer compensation across all filings, indicating volunteer leadership and high efficiency.
Consistent financial stability with expenses closely matching revenue, suggesting effective fund distribution.
Zero liabilities reported in all available periods, indicating strong financial management.
Consistent IRS 990 filing history (13 filings), demonstrating transparency and compliance.
Minimal assets suggest a direct pass-through model, with funds quickly reaching beneficiaries.
Spending Breakdown
How Dimatteo Family Charitable Foundation Inc allocates its funds across programs, administration, and fundraising.
95%
Program Spending
Healthy — majority goes to mission
5%
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 Dimatteo Family Charitable Foundation Inc
Is Dimatteo Family Charitable Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Dimatteo Family Charitable Foundation Inc (EIN: 204145735) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
Is Dimatteo Family Charitable Foundation Inc a good charity to donate to?
Dimatteo Family Charitable Foundation Inc has a Mission Score of 90/100. Revenue: $191K. Assets: $8K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Dimatteo Family Charitable Foundation Inc?
The Employer Identification Number (EIN) for Dimatteo Family Charitable Foundation Inc is 204145735. 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 Dimatteo Family Charitable Foundation Inc spend its money?
Dimatteo Family Charitable Foundation Inc allocates 95% to programs, 5% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Dimatteo Family Charitable Foundation Inc's tax-exempt status?
You can verify Dimatteo Family Charitable Foundation Inc's tax-exempt status using EIN 204145735 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 Dimatteo Family Charitable Foundation Inc operates as a small private foundation, as indicated by its consistent revenue and expense levels, typically under $60,000 annually. Its financial health appears stable, with expenses closely matching revenue each year, suggesting a pass-through model where most incoming funds are distributed. The foundation consistently reports zero liabilities and minimal assets, reinforcing its operational model as a grant-making entity rather than one accumulating significant reserves. The absence of officer compensation across all reported periods is a strong indicator of volunteer leadership, which contributes positively to spending efficiency.
Spending efficiency is high due to the lack of executive compensation and minimal administrative overhead implied by the small scale of operations. While specific program spending percentages are not detailed in the provided summary, the close alignment of revenue and expenses suggests that the vast majority of funds are directed towards the foundation's charitable purpose. The foundation's consistent filing of IRS Form 990 demonstrates a commitment to transparency, providing public access to its financial activities.
Overall, the foundation exhibits characteristics of a well-managed, small-scale charitable vehicle. Its consistent financial reporting, zero liabilities, and lack of officer compensation point to a fiscally responsible and transparent operation, primarily focused on distributing funds rather than building organizational infrastructure.