Quick charity verification for Filomena M Dagostino Foundation Corp (EIN: 133548660)
Verdict: Filomena M Dagostino Foundation Corp appears trustworthy
85/100Mission Score
$5.2MRevenue
$24.0MAssets
2Red Flags
4Strengths
Red Flags
Consistent operational deficits, with expenses exceeding revenue in most recent periods (e.g., 202402 expenses $1,527,386 vs. revenue $734,102).
Lack of detailed expense breakdown (program, admin, fundraising) in the provided summary makes full spending efficiency assessment difficult.
Strengths
Substantial asset base ($23,847,470 in 202402) provides significant financial stability.
Zero reported officer compensation across all filings indicates highly efficient executive overhead.
Very low liabilities ($1 in recent periods) suggests a healthy balance sheet with minimal debt.
Consistent IRS 990 filing history demonstrates good transparency and compliance.
Spending Breakdown
How Filomena M Dagostino Foundation Corp allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
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 Filomena M Dagostino Foundation Corp
Is Filomena M Dagostino Foundation Corp a legitimate charity?
Based on AI analysis of IRS 990 filings, Filomena M Dagostino Foundation Corp (EIN: 133548660) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Filomena M Dagostino Foundation Corp a good charity to donate to?
Filomena M Dagostino Foundation Corp has a Mission Score of 85/100. Revenue: $5.2M. Assets: $24.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Filomena M Dagostino Foundation Corp?
The Employer Identification Number (EIN) for Filomena M Dagostino Foundation Corp is 133548660. 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 Filomena M Dagostino Foundation Corp spend its money?
Filomena M Dagostino Foundation Corp allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Filomena M Dagostino Foundation Corp's tax-exempt status?
You can verify Filomena M Dagostino Foundation Corp's tax-exempt status using EIN 133548660 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 Filomena M Dagostino Foundation Corp demonstrates a consistent pattern of spending exceeding its revenue in recent years, as evidenced by the 202402 filing showing expenses of $1,527,386 against revenue of $734,102, and the 202302 filing with expenses of $1,626,117 against revenue of $1,053,506. This trend suggests the organization is drawing down on its substantial asset base, which stood at $23,847,470 in the latest period. While the foundation maintains a significant asset base, the sustained operational deficit warrants closer examination to understand its long-term financial sustainability and funding strategy. The absence of reported officer compensation across all available filings indicates a high degree of financial efficiency in this area and suggests a volunteer-led or minimally compensated leadership structure, which is a positive indicator for donor confidence regarding administrative overhead.
Given the available data, the foundation appears to be a grant-making entity, as is common for organizations with substantial assets and consistent expenses without significant revenue generation from program services. The lack of detailed expense breakdowns (program, administrative, fundraising) in the provided summary makes it challenging to precisely assess spending efficiency beyond the executive compensation aspect. However, the consistent liabilities of $1 in recent years suggest a very clean balance sheet with minimal debt, contributing positively to its financial health. The foundation's transparency is good in terms of filing its 990s consistently, but without more granular expense data, a full assessment of program efficiency is limited.