Damiano Of Duluth Inc
EIN: 411453521 · Duluth, MN · NTEE: P200
| Metric | Value |
|---|---|
| Total Revenue | $1.9M |
| Total Expenses | $1.9M |
| Net Assets | $3.8M |
Is Damiano Of Duluth Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Damiano Of Duluth Inc
Damiano Of Duluth Inc (EIN: 411453521) is a nonprofit organization based in Duluth, MN, classified under NTEE code P200. The organization reported total revenue of $1.9M and total assets of $4.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Damiano Of Duluth Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Damiano Of Duluth Inc is a mid-size nonprofit that has been operating for 42 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 6.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.1M |
| Total Expenses | $1.9M |
| Surplus / Deficit | +$190K |
| Total Assets | $3.9M |
| Total Liabilities | $53K |
| Net Assets | $3.8M |
| Operating Margin | 9.2% |
| Debt-to-Asset Ratio | 1.4% |
| Months of Reserves | 25.0 months |
Financial Health Grade: A
In 2023, Damiano Of Duluth Inc reported a surplus of $190K with revenue exceeding expenses, holds 25.0 months of operating reserves (strong position), has a debt-to-asset ratio of 1.4% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Damiano Of Duluth Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +13.7% | +20.6% | +5.5% |
| 2022 | +29.7% | +23.9% | +2.4% |
| 2021 | -17.3% | -6.8% | +4.9% |
| 2020 | -10.3% | -2.6% | +16.1% |
| 2019 | +30.9% | +0.3% | +21.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1984 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Damiano Of Duluth Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Damiano Of Duluth Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $190K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.4%.
Frequently Asked Questions about Damiano Of Duluth Inc
Is Damiano Of Duluth Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Damiano Of Duluth Inc (EIN: 411453521) insufficient data. 0 red flags identified, 0 strengths noted.
How does Damiano Of Duluth Inc spend its money?
Detailed spending breakdown data is not yet available for Damiano Of Duluth Inc. Check back for updated IRS 990 analysis.
Are donations to Damiano Of Duluth Inc tax-deductible?
Damiano Of Duluth Inc is registered as a tax-exempt nonprofit (EIN: 411453521). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Damiano Of Duluth Inc located?
Damiano Of Duluth Inc is headquartered in Duluth, Minnesota and files with the IRS under EIN 411453521. It is classified under NTEE code P200.
How many years of IRS 990 filings does Damiano Of Duluth Inc have?
Damiano Of Duluth Inc has 12 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 $1.9M in total revenue.
Filing History
IRS 990 filing history for Damiano Of Duluth Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Damiano Of Duluth Inc's revenue has grown by 95.7%, moving from $1.0M to $2.1M. Total assets increased by 107.8% over the same period, from $1.9M to $3.9M. Total functional expenses rose by 78.4%, from $1.0M to $1.9M. In its most recent filing year (2023), Damiano Of Duluth Inc reported a surplus of $190K, with revenue exceeding expenses. The organization holds $53K in liabilities against $3.9M in assets (debt-to-asset ratio: 1.4%), resulting in net assets of $3.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.1M | $1.9M | $3.9M | $53K | — | View 990 |
| 2022 | $1.8M | $1.5M | $3.7M | $38K | — | View 990 |
| 2021 | $1.4M | $1.2M | $3.6M | $66K | — | — |
| 2020 | $1.7M | $1.3M | $3.4M | $163K | — | View 990 |
| 2019 | $1.9M | $1.4M | $2.9M | $48K | — | View 990 |
| 2018 | $1.4M | $1.4M | $2.4M | $54K | — | View 990 |
| 2017 | $1.0M | $1.1M | $2.5M | $240K | — | View 990 |
| 2016 | $858K | $1.1M | $2.8M | $335K | — | View 990 |
| 2015 | $948K | $1.1M | $3.1M | $452K | — | View 990 |
| 2014 | $923K | $979K | $3.3M | $543K | — | View 990 |
| 2013 | $2.0M | $1.0M | $2.8M | $31K | — | View 990 |
| 2012 | $1.0M | $1.0M | $1.9M | $27K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.1M, expenses of $1.9M, and assets of $3.9M (revenue +13.7% year-over-year).
- 2022: Revenue of $1.8M, expenses of $1.5M, and assets of $3.7M (revenue +29.7% year-over-year).
- 2021: Revenue of $1.4M, expenses of $1.2M, and assets of $3.6M (revenue -17.3% year-over-year).
- 2020: Revenue of $1.7M, expenses of $1.3M, and assets of $3.4M (revenue -10.3% year-over-year).
- 2019: Revenue of $1.9M, expenses of $1.4M, and assets of $2.9M (revenue +30.9% year-over-year).
- 2018: Revenue of $1.4M, expenses of $1.4M, and assets of $2.4M (revenue +39.4% year-over-year).
- 2017: Revenue of $1.0M, expenses of $1.1M, and assets of $2.5M (revenue +20.0% year-over-year).
- 2016: Revenue of $858K, expenses of $1.1M, and assets of $2.8M (revenue -9.6% year-over-year).
- 2015: Revenue of $948K, expenses of $1.1M, and assets of $3.1M (revenue +2.8% year-over-year).
- 2014: Revenue of $923K, expenses of $979K, and assets of $3.3M (revenue -53.8% year-over-year).
- 2013: Revenue of $2.0M, expenses of $1.0M, and assets of $2.8M (revenue +90.5% year-over-year).
- 2012: Revenue of $1.0M, expenses of $1.0M, and assets of $1.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Damiano Of Duluth Inc:
Data Sources and Methodology
This transparency report for Damiano Of Duluth 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.