Quick charity verification for The Daymar Foundation Inc (EIN: 203394790)
Verdict: The Daymar Foundation Inc has notable concerns
10/100Mission Score
$3Revenue
$2KAssets
5Red Flags
1Strengths
Red Flags
Extreme revenue decline (from $90,877 in 2011 to $3 in 2019)
Consistent and significant deficit spending (expenses far exceeding revenue for multiple years)
Sharp decrease in assets (from $151,861 in 2012 to $1,910 in 2019)
Unsustainable financial model with negligible income
Potential for organizational dormancy or dissolution
Strengths
No officer compensation reported across all filings, indicating volunteer leadership or no paid executives.
Spending Breakdown
How The Daymar Foundation Inc allocates its funds across programs, administration, and fundraising.
0%
Program Spending
Concerning — less than half to programs
100%
Admin Costs
High — over 25% on administration
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 The Daymar Foundation Inc
Is The Daymar Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, The Daymar Foundation Inc (EIN: 203394790) has notable concerns. Mission Score: 10/100. 5 red flags identified, 1 strength noted.
Is The Daymar Foundation Inc a good charity to donate to?
The Daymar Foundation Inc has a Mission Score of 10/100. Revenue: $3. Assets: $2K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for The Daymar Foundation Inc?
The Employer Identification Number (EIN) for The Daymar Foundation Inc is 203394790. 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 The Daymar Foundation Inc spend its money?
The Daymar Foundation Inc allocates 0% to programs, 100% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify The Daymar Foundation Inc's tax-exempt status?
You can verify The Daymar Foundation Inc's tax-exempt status using EIN 203394790 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 Daymar Foundation Inc appears to be in a state of significant financial decline, as evidenced by its latest IRS 990 filing. In 2019, the organization reported a mere $3 in revenue against $3,916 in expenses, leading to a net loss. This trend is consistent over several years, with revenue plummeting from $90,877 in 2011 to its current negligible amount, while expenses have consistently outstripped income for most of the past decade. The organization's assets have also sharply decreased from $151,861 in 2012 to $1,910 in 2019, indicating a substantial depletion of its financial reserves. Given the extremely low revenue and continued expenses, the long-term viability and operational capacity of The Daymar Foundation Inc are highly questionable.
Without detailed expense breakdowns (e.g., program vs. administrative vs. fundraising) in the provided data, it's challenging to assess spending efficiency precisely. However, the consistent and significant deficit spending, where expenses far exceed revenue, suggests an unsustainable financial model. The organization's transparency regarding executive compensation is positive, reporting 0% officer compensation across all available filings, which indicates that leadership is not drawing a salary from the dwindling funds. However, the overall financial picture raises serious concerns about its ability to fulfill any stated mission effectively.