Daily Service Foundation Inc
Daily Service Foundation Inc consistently accumulates assets with expenses significantly lower than revenue.
EIN: 202785588 · Wilmington, DE · NTEE: T22 · Updated: 2026-03-28
Is Daily Service Foundation Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Daily Service Foundation Inc directs 50% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Daily Service Foundation Inc
Daily Service Foundation Inc (EIN: 202785588) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T22. The organization reported total revenue of $2.4M and total assets of $9.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Daily Service Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Daily Service Foundation Inc is a mid-size nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 21.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.0M |
| Total Expenses | $311K |
| Surplus / Deficit | +$2.7M |
| Total Assets | $8.5M |
| Total Liabilities | $1 |
| Net Assets | $8.5M |
| Operating Margin | 89.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 327.9 months |
Financial Health Grade: A
In 2023, Daily Service Foundation Inc reported a surplus of $2.7M with revenue exceeding expenses, holds 327.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Daily Service Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 21.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +87.0% | +9.4% | +46.4% |
| 2022 | +291.2% | -21.2% | +29.5% |
| 2021 | -42.1% | -40.5% | +1.1% |
| 2020 | -47.4% | +104.5% | +2.4% |
| 2019 | -9.4% | -21.4% | +189.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Daily Service Foundation Inc with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 40%
- programs: 50%
- fundraising: 10%
According to IRS 990 filings, Daily Service Foundation Inc allocates its expenses as follows: admin: 40%, programs: 50%, fundraising: 10%. Approximately 50% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $2.7M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all filings, which is unusual for an entity with growing assets and significant revenue, suggesting either a fully volunteer executive team or alternative compensation structures not reported as officer compensation.
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 Daily Service Foundation Inc's IRS 990 filings:
- Extremely low expense-to-revenue ratio, suggesting significant asset accumulation rather than direct charitable spending proportional to income.
- Consistent reporting of $1 in liabilities across all filings, which is highly unusual and may indicate a reporting issue.
- Zero reported officer compensation despite significant revenue and asset growth, raising questions about executive leadership structure or compensation transparency.
- Lack of detailed expense breakdown in the provided data makes it difficult to ascertain actual program spending efficiency.
Strengths
The following positive indicators were identified for Daily Service Foundation Inc:
- Strong financial growth with assets increasing from $348,346 in 2011 to $8,511,255 in 2023.
- Consistent filing of IRS 990 forms, indicating compliance with reporting requirements.
- Significant revenue generation, with latest reported revenue at $2,431,569.
Frequently Asked Questions about Daily Service Foundation Inc
Is Daily Service Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Daily Service Foundation Inc (EIN: 202785588) significant concerns. Mission Score: 45/100. 4 red flags identified, 3 strengths noted.
How does Daily Service Foundation Inc spend its money?
Daily Service Foundation Inc directs 50% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Daily Service Foundation Inc tax-deductible?
Daily Service Foundation Inc is registered as a tax-exempt nonprofit (EIN: 202785588). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What are the specific program activities and how are the accumulated assets being utilized for charitable purposes?
The filings show significant asset growth (from $348,346 in 2011 to $8,511,255 in 2023) and high revenue relative to expenses, but the 990 data alone does not detail the specific programs or how these assets are deployed for the mission.
Why are liabilities consistently reported as $1 across all fiscal years?
The consistent reporting of $1 in liabilities for over a decade is highly unusual and suggests a potential reporting anomaly or a unique financial structure that warrants further clarification.
How does the organization manage to operate with such low expenses relative to its revenue?
In 2023, expenses were $311,454 against $3,007,752 in revenue, and similar patterns exist in other years. This indicates that a large portion of revenue is not spent annually, leading to asset accumulation rather than immediate operational or programmatic spending.
Is the organization primarily a grant-making entity, and if so, where are the grants reported?
The financial pattern of high revenue and low expenses, leading to asset growth, is consistent with a grant-making foundation. However, the provided data does not specify grant disbursements, which would typically be a major program expense for such an entity.
Filing History
IRS 990 filing history for Daily Service Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Daily Service Foundation Inc's revenue has grown by 896.8%, moving from $302K to $3.0M. Total assets increased by 2343.3% over the same period, from $348K to $8.5M. Total functional expenses rose by 44.9%, from $215K to $311K. In its most recent filing year (2023), Daily Service Foundation Inc reported a surplus of $2.7M, with revenue exceeding expenses. The organization holds $1 in liabilities against $8.5M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $8.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.0M | $311K | $8.5M | $1 | — | View 990 |
| 2022 | $1.6M | $285K | $5.8M | $1 | — | View 990 |
| 2021 | $411K | $361K | $4.5M | $1 | — | View 990 |
| 2020 | $710K | $607K | $4.4M | $1 | — | View 990 |
| 2019 | $1.4M | $297K | $4.3M | $1 | — | View 990 |
| 2015 | $1.5M | $378K | $1.5M | $1 | — | View 990 |
| 2014 | $200K | $255K | $383K | $1 | — | View 990 |
| 2013 | $300K | $36K | $438K | $1 | — | View 990 |
| 2012 | $150K | $325K | $174K | $1 | — | View 990 |
| 2011 | $302K | $215K | $348K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.0M, expenses of $311K, and assets of $8.5M (revenue +87.0% year-over-year).
- 2022: Revenue of $1.6M, expenses of $285K, and assets of $5.8M (revenue +291.2% year-over-year).
- 2021: Revenue of $411K, expenses of $361K, and assets of $4.5M (revenue -42.1% year-over-year).
- 2020: Revenue of $710K, expenses of $607K, and assets of $4.4M (revenue -47.4% year-over-year).
- 2019: Revenue of $1.4M, expenses of $297K, and assets of $4.3M (revenue -9.4% year-over-year).
- 2015: Revenue of $1.5M, expenses of $378K, and assets of $1.5M (revenue +646.8% year-over-year).
- 2014: Revenue of $200K, expenses of $255K, and assets of $383K (revenue -33.5% year-over-year).
- 2013: Revenue of $300K, expenses of $36K, and assets of $438K (revenue +99.8% year-over-year).
- 2012: Revenue of $150K, expenses of $325K, and assets of $174K (revenue -50.2% year-over-year).
- 2011: Revenue of $302K, expenses of $215K, and assets of $348K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Daily Service Foundation Inc:
Data Sources and Methodology
This transparency report for Daily Service 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.