Quick charity verification for Duke Farms Foundation (EIN: 134008720)
Verdict: Duke Farms Foundation shows mixed signals
65/100Mission Score
$17.0MRevenue
$59.3MAssets
3Red Flags
3Strengths
Red Flags
Consistent operational deficits (expenses exceeding revenue) across multiple years, e.g., $18.8M expenses vs. $16.6M revenue in 2023.
Significant long-term decline in total assets, from over $102M in 2011 to $60.5M in 2023, indicating reliance on asset drawdowns.
Liabilities are substantial and sometimes exceed assets, as seen in 2021 ($70.5M liabilities vs. $65.3M assets) and 2020 ($72.7M liabilities vs. $68.6M assets), which could indicate financial strain.
Strengths
Substantial asset base, even with decline, providing a significant financial buffer ($60.5M in 2023).
Consistent reporting of 0% officer compensation, indicating strong transparency in this area or a volunteer leadership model.
Long operational history with 10 years of consistent IRS 990 filings, suggesting organizational stability and compliance.
Spending Breakdown
How Duke Farms Foundation allocates its funds across programs, administration, and fundraising.
75%
Program Spending
Healthy — majority goes to mission
15%
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 Duke Farms Foundation
Is Duke Farms Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Duke Farms Foundation (EIN: 134008720) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
Is Duke Farms Foundation a good charity to donate to?
Duke Farms Foundation has a Mission Score of 65/100. Revenue: $17.0M. Assets: $59.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Duke Farms Foundation?
The Employer Identification Number (EIN) for Duke Farms Foundation is 134008720. 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 Duke Farms Foundation spend its money?
Duke Farms Foundation allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Duke Farms Foundation's tax-exempt status?
You can verify Duke Farms Foundation's tax-exempt status using EIN 134008720 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
Duke Farms Foundation demonstrates consistent financial operations, with revenues generally covering a significant portion of expenses, though often operating at a deficit. For example, in 2023, revenues were $16,683,987 against expenses of $18,872,100, indicating a deficit of over $2 million. This trend of expenses exceeding revenue is consistent across most reported periods. The organization's assets have shown a long-term decline, from over $102 million in 2011 to $60.5 million in 2023, which warrants closer examination of its long-term financial sustainability and funding model. The consistent reporting of 0% officer compensation across all filings suggests either a volunteer-led executive team or that executive compensation is not reported in this specific field, which could impact transparency regarding leadership costs.
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 operational deficits suggest that the organization relies on its asset base or other funding sources to cover its annual expenditures. The significant asset base, even with its decline, provides a buffer, but the trend is concerning. Transparency regarding executive compensation is high, with 0% reported, but a more granular breakdown of functional expenses would enhance understanding of how funds are allocated.
Overall, Duke Farms Foundation appears to be a stable organization with substantial assets, but its consistent operational deficits and declining asset base over the past decade are key areas for potential concern. While the lack of reported officer compensation is notable, a more detailed functional expense breakdown would provide a clearer picture of spending efficiency and program impact.