Damial Foundation Inc
Damial Foundation Inc. shows strong asset growth and no reported officer compensation amidst fluctuating revenues.
EIN: 133693581 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $34.1M |
| Total Expenses | $6.8M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $50.9M |
| Transparency Score | 85/100 |
Is Damial Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Damial Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Damial Foundation Inc
Damial Foundation Inc (EIN: 133693581) is a nonprofit organization based in New York, NY. The organization reported total revenue of $34.1M and total assets of $67.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Damial Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Damial Foundation Inc is a large nonprofit that has been operating for 33 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $23.9M |
| Total Expenses | $6.8M |
| Surplus / Deficit | +$17.1M |
| Total Assets | $50.9M |
| Total Liabilities | $1 |
| Net Assets | $50.9M |
| Operating Margin | 71.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 89.1 months |
Financial Health Grade: A
In 2023, Damial Foundation Inc reported a surplus of $17.1M with revenue exceeding expenses, holds 89.1 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), Damial Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +89.4% | +4.2% | +2.4% |
| 2022 | -66.7% | +39.7% | +13.9% |
| 2021 | +8263.9% | +148.0% | +151.5% |
| 2020 | -98.7% | -85.6% | -7.7% |
| 2019 | +265.1% | +97.5% | +17.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1993 |
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 Damial Foundation Inc with a Mission Score of 85 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, Damial 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 surplus of $17.1M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, indicating either a volunteer-led executive team or compensation structured in a way not reported as officer compensation on the 990, which is highly unusual for an organization with assets exceeding $67 million.
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 Damial Foundation Inc's IRS 990 filings:
- Unknown NTEE code limits understanding of mission alignment
- Lack of detailed expense breakdown prevents precise program efficiency assessment
- Consistently $0 officer compensation for an organization with significant assets is unusual and warrants further investigation into executive remuneration practices.
Strengths
The following positive indicators were identified for Damial Foundation Inc:
- Strong asset growth, reaching $67,408,259 in the latest period
- Consistently low liabilities ($0 or $1) indicating sound financial management
- No reported officer compensation, suggesting high resource allocation to mission or low overhead
- Expenses consistently much lower than revenue, indicating efficient operations or capital accumulation
Frequently Asked Questions about Damial Foundation Inc
Is Damial Foundation Inc a legitimate charity?
Damial Foundation Inc (EIN: 133693581) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $34.1M. 3 red flags identified. 4 strengths noted. Financial health grade: A.
How does Damial Foundation Inc spend its money?
Damial Foundation Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Damial Foundation Inc tax-deductible?
Damial Foundation Inc is registered as a tax-exempt nonprofit (EIN: 133693581). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Damial Foundation Inc CEO make?
Damial Foundation Inc's highest-compensated officer earns $0 annually. The organization reported $34.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Damial Foundation Inc's spending goes to programs?
Damial Foundation Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Damial Foundation Inc located?
Damial Foundation Inc is headquartered in New York, New York and files with the IRS under EIN 133693581.
How many years of IRS 990 filings does Damial Foundation Inc have?
Damial Foundation Inc has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $34.1M in total revenue.
Is Damial Foundation Inc. a good charity?
Based on the available data, Damial Foundation Inc. exhibits strong financial health with significant asset growth and consistently low liabilities. The absence of reported officer compensation is a positive indicator of resource allocation. However, without detailed program spending information, it's difficult to fully assess its programmatic impact and efficiency.
Why is officer compensation consistently $0?
The consistent reporting of $0 for officer compensation across all filings is unusual for an organization of this size and asset base. It could indicate that executive roles are entirely volunteer-based, or that compensation is structured differently (e.g., through a related entity) and not reported in this section of the 990.
What is the organization's primary program focus?
The NTEE code is unknown, and detailed expense breakdowns are not provided, making it impossible to determine the organization's primary program focus from the given data.
How does the organization manage such large fluctuations in revenue?
The significant fluctuations in revenue (e.g., $454,159 in 2020 to $37,985,380 in 2021) suggest that the organization may rely on large, infrequent grants or specific project funding. Its ability to maintain low expenses relative to revenue indicates effective financial management to absorb these variations.
Filing History
IRS 990 filing history for Damial Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Damial Foundation Inc's revenue has grown by 32.1%, moving from $18.1M to $23.9M. Total assets increased by 153.6% over the same period, from $20.1M to $50.9M. Total functional expenses rose by 70.6%, from $4.0M to $6.8M. In its most recent filing year (2023), Damial Foundation Inc reported a surplus of $17.1M, with revenue exceeding expenses. The organization holds $1 in liabilities against $50.9M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $50.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $23.9M | $6.8M | $50.9M | $1 | — | — |
| 2022 | $12.6M | $6.6M | $49.7M | $1 | — | View 990 |
| 2021 | $38.0M | $4.7M | $43.6M | $1 | — | View 990 |
| 2020 | $454K | $1.9M | $17.3M | $1 | — | View 990 |
| 2019 | $35.9M | $13.2M | $18.8M | $0 | — | View 990 |
| 2015 | $9.8M | $6.7M | $16.0M | $0 | — | View 990 |
| 2014 | $9.7M | $6.9M | $22.3M | $0 | — | View 990 |
| 2013 | $24.3M | $6.6M | $27.4M | $0 | — | View 990 |
| 2012 | $13.7M | $5.0M | $19.4M | $0 | — | View 990 |
| 2011 | $18.1M | $4.0M | $20.1M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $23.9M, expenses of $6.8M, and assets of $50.9M (revenue +89.4% year-over-year).
- 2022: Revenue of $12.6M, expenses of $6.6M, and assets of $49.7M (revenue -66.7% year-over-year).
- 2021: Revenue of $38.0M, expenses of $4.7M, and assets of $43.6M (revenue +8263.9% year-over-year).
- 2020: Revenue of $454K, expenses of $1.9M, and assets of $17.3M (revenue -98.7% year-over-year).
- 2019: Revenue of $35.9M, expenses of $13.2M, and assets of $18.8M (revenue +265.1% year-over-year).
- 2015: Revenue of $9.8M, expenses of $6.7M, and assets of $16.0M (revenue +0.8% year-over-year).
- 2014: Revenue of $9.7M, expenses of $6.9M, and assets of $22.3M (revenue -59.8% year-over-year).
- 2013: Revenue of $24.3M, expenses of $6.6M, and assets of $27.4M (revenue +76.7% year-over-year).
- 2012: Revenue of $13.7M, expenses of $5.0M, and assets of $19.4M (revenue -24.2% year-over-year).
- 2011: Revenue of $18.1M, expenses of $4.0M, and assets of $20.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Damial Foundation Inc:
Data Sources and Methodology
This transparency report for Damial 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.