D Addario Foundation Inc
D Addario Foundation shows consistent program focus with no executive compensation, despite recent expense increases.
EIN: 112637844 · Farmingdale, NY · NTEE: T22 · Updated: 2026-03-28
Is D Addario Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
D Addario Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About D Addario Foundation Inc
D Addario Foundation Inc (EIN: 112637844) is a nonprofit organization based in Farmingdale, NY, classified under NTEE code T22. The organization reported total revenue of $2.1M and total assets of $1.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of D Addario Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
D Addario Foundation Inc is a mid-size nonprofit that has been operating for 43 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 12.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $852K |
| Total Expenses | $913K |
| Surplus / Deficit | $-61,263 |
| Total Assets | $719K |
| Total Liabilities | $267K |
| Net Assets | $452K |
| Operating Margin | -7.2% |
| Debt-to-Asset Ratio | 37.2% |
| Months of Reserves | 9.4 months |
Financial Health Grade: B
In 2023, D Addario Foundation Inc reported a deficit of $61K with expenses exceeding revenue, holds 9.4 months of operating reserves (strong position), has a debt-to-asset ratio of 37.2% (moderate leverage).
Financial Trends
Over 10 years of filings (2011–2023), D Addario Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 12.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +35.6% | +12.5% | +7.8% |
| 2022 | -39.1% | +12.1% | -30.4% |
| 2021 | +33.2% | -17.2% | +50.0% |
| 2020 | -20.6% | -20.1% | +9.7% |
| 2019 | -16.9% | +35.9% | +52.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1983 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates D Addario Foundation Inc with a Mission Score of 88 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, D Addario Foundation Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $61K, with expenses exceeding revenue.
- Debt-to-asset ratio: 37.2%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no salaries are paid to officers, which is a strong positive for directing funds to the mission.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of D Addario Foundation Inc's IRS 990 filings:
- Expenses exceeded revenue in the last two reported periods (2022 and 2023), indicating a potential need for increased fundraising or cost management.
Strengths
The following positive indicators were identified for D Addario Foundation Inc:
- Zero officer compensation reported across all filings, ensuring funds are directed to programs.
- Significant growth in assets over the past decade, from $2,845 in 2011 to $718,735 in 2023.
- Consistent filing of IRS 990 forms, demonstrating transparency and accountability.
- Strong program focus implied by the absence of executive compensation and the nature of a foundation.
Frequently Asked Questions about D Addario Foundation Inc
Is D Addario Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, D Addario Foundation Inc (EIN: 112637844) some concerns. Mission Score: 88/100. 1 red flag identified, 4 strengths noted.
How does D Addario Foundation Inc spend its money?
D Addario Foundation Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to D Addario Foundation Inc tax-deductible?
D Addario Foundation Inc is registered as a tax-exempt nonprofit (EIN: 112637844). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is D Addario Foundation Inc a good charity?
Based on the available data, D Addario Foundation Inc appears to be a good charity. It consistently reports 0% officer compensation, indicating that funds are directly applied to its mission. Its program spending is likely high, and it maintains a transparent filing history.
How has the D Addario Foundation's financial health changed over time?
The foundation's financial health has generally improved, with assets growing from $2,845 in 2011 to $718,735 in 2023. While revenue and expenses fluctuate, the organization has demonstrated periods of strong revenue generation exceeding expenses, such as in 2021 ($1,031,397 revenue vs. $724,768 expenses).
What is the trend in the organization's liabilities?
Liabilities have shown an increasing trend, from $0 in 2011 to $267,132 in 2023. While assets have grown significantly more, this increase in liabilities should be monitored to ensure financial stability.
Filing History
IRS 990 filing history for D Addario Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), D Addario Foundation Inc's revenue has grown by 288.4%, moving from $219K to $852K. Total assets increased by 25163.1% over the same period, from $3K to $719K. Total functional expenses rose by 252.4%, from $259K to $913K. In its most recent filing year (2023), D Addario Foundation Inc reported a deficit of $61K, with expenses exceeding revenue. The organization holds $267K in liabilities against $719K in assets (debt-to-asset ratio: 37.2%), resulting in net assets of $452K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $852K | $913K | $719K | $267K | — | — |
| 2022 | $629K | $812K | $667K | $217K | — | View 990 |
| 2021 | $1.0M | $725K | $958K | $204K | — | View 990 |
| 2020 | $774K | $876K | $639K | $257K | — | View 990 |
| 2019 | $974K | $1.1M | $582K | $147K | — | View 990 |
| 2015 | $1.2M | $806K | $381K | $3K | — | View 990 |
| 2014 | $681K | $691K | $55K | $48K | — | View 990 |
| 2013 | $385K | $378K | $23K | $6K | — | View 990 |
| 2012 | $531K | $523K | $36K | $25K | — | View 990 |
| 2011 | $219K | $259K | $3K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $852K, expenses of $913K, and assets of $719K (revenue +35.6% year-over-year).
- 2022: Revenue of $629K, expenses of $812K, and assets of $667K (revenue -39.1% year-over-year).
- 2021: Revenue of $1.0M, expenses of $725K, and assets of $958K (revenue +33.2% year-over-year).
- 2020: Revenue of $774K, expenses of $876K, and assets of $639K (revenue -20.6% year-over-year).
- 2019: Revenue of $974K, expenses of $1.1M, and assets of $582K (revenue -16.9% year-over-year).
- 2015: Revenue of $1.2M, expenses of $806K, and assets of $381K (revenue +72.2% year-over-year).
- 2014: Revenue of $681K, expenses of $691K, and assets of $55K (revenue +76.8% year-over-year).
- 2013: Revenue of $385K, expenses of $378K, and assets of $23K (revenue -27.5% year-over-year).
- 2012: Revenue of $531K, expenses of $523K, and assets of $36K (revenue +142.1% year-over-year).
- 2011: Revenue of $219K, expenses of $259K, and assets of $3K.
Data Sources and Methodology
This transparency report for D Addario Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.