Is Domenica Foundation Inc Legit?

Spending Breakdown

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

80%

Program Spending

Healthy — majority goes to mission

15%

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 Domenica Foundation Inc

Is Domenica Foundation Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Domenica Foundation Inc (EIN: 203904706) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.

Is Domenica Foundation Inc a good charity to donate to?

Domenica Foundation Inc has a Mission Score of 75/100. Revenue: $2.0M. Assets: $11.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Domenica Foundation Inc?

The Employer Identification Number (EIN) for Domenica Foundation Inc is 203904706. 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 Domenica Foundation Inc spend its money?

Domenica Foundation Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

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

You can verify Domenica Foundation Inc's tax-exempt status using EIN 203904706 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 Domenica Foundation Inc. demonstrates a mixed financial picture. While the organization has substantial assets, currently at $10,969,622, its recent financial performance shows a trend of expenses exceeding revenue. For instance, in the 202311 period, expenses were $1,094,353 against revenues of $591,565, and similarly in 202211, expenses were $1,070,787 compared to $521,672 in revenue. This consistent deficit spending, while potentially covered by existing assets, is not sustainable long-term without a significant increase in revenue or reduction in expenses. The foundation's transparency is commendable given its consistent filing of IRS Form 990s over a decade, and the reported 0% officer compensation indicates a commitment to directing funds towards its mission rather than executive salaries.

Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. However, the consistent deficit spending in recent years suggests that the organization may be drawing down its asset base to cover operational costs. The significant increase in assets from $5,331,979 in 2011 to $10,969,622 currently indicates successful asset growth over the long term, but the recent trend of declining assets (e.g., from $8,798,535 in 2021 to $8,375,845 in 2023) warrants attention. The lack of reported officer compensation is a positive indicator of financial stewardship and a focus on mission-related spending.

Overall, Domenica Foundation Inc. appears to be transparent with its filings and has a strong asset base. However, the recent pattern of spending more than it earns raises questions about its long-term financial sustainability and operational efficiency. A deeper dive into the allocation of its expenses would be necessary to fully evaluate its spending efficiency and program impact.

Verdict: Domenica Foundation Inc appears trustworthy

Red Flags

Strengths