Quick charity verification for Duane Reade Charitable Foundation (EIN: 208607795)
Verdict: Duane Reade Charitable Foundation shows mixed signals
45/100Mission Score
$236KRevenue
$164KAssets
3Red Flags
2Strengths
Red Flags
Consistent and significant operating deficits across multiple years (e.g., $36,210 revenue vs. $432,086 expenses in 2015).
Declining asset base, from $781,769 in 2011 to $164,268 currently, indicating unsustainable spending.
Revenue has significantly decreased from a high of $736,036 in 2012 to $235,545 currently, impacting financial stability.
Strengths
Zero officer compensation reported across all available filings, demonstrating a commitment to minimizing administrative overhead in this area.
Historically low or zero liabilities, indicating responsible debt management.
Spending Breakdown
How Duane Reade Charitable 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 Duane Reade Charitable Foundation
Is Duane Reade Charitable Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Duane Reade Charitable Foundation (EIN: 208607795) shows mixed signals. Mission Score: 45/100. 3 red flags identified, 2 strengths noted.
Is Duane Reade Charitable Foundation a good charity to donate to?
Duane Reade Charitable Foundation has a Mission Score of 45/100. Revenue: $236K. Assets: $164K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Duane Reade Charitable Foundation?
The Employer Identification Number (EIN) for Duane Reade Charitable Foundation is 208607795. 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 Duane Reade Charitable Foundation spend its money?
Duane Reade Charitable Foundation allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Duane Reade Charitable Foundation's tax-exempt status?
You can verify Duane Reade Charitable Foundation's tax-exempt status using EIN 208607795 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 Duane Reade Charitable Foundation exhibits a concerning trend of declining revenue and significant operating deficits in recent years. For instance, in 2015, the organization reported revenue of $36,210 against expenses of $432,086, indicating a substantial loss. This pattern of expenses consistently exceeding revenue is evident across multiple years, with 2014 showing $502,177 in revenue against $575,476 in expenses, and 2013 with $697,116 in revenue against $697,241 in expenses. While the organization has maintained zero officer compensation, which is a positive for donor trust, the sustained financial losses raise questions about its long-term sustainability and ability to effectively deliver on its mission. The current assets of $164,268 are significantly lower than previous years, such as $611,503 in 2014, reflecting the impact of these deficits.
The foundation's financial health appears to be deteriorating, with a consistent draw-down on assets to cover operational shortfalls. The latest reported revenue of $235,545, while an improvement from 2015, still needs to be evaluated against its current expenses to determine if the deficit trend has reversed. Without detailed expense breakdowns (program, administrative, fundraising) from the provided data, it's challenging to fully assess spending efficiency. However, the consistent negative net income suggests that the organization is not generating sufficient funds to cover its activities, which could impact its programmatic reach and overall impact. The lack of officer compensation is a strong point for transparency regarding executive pay, but the overall financial trajectory warrants close monitoring.