Damico Community Impact Foundation
EIN: 861510616 · Salt Lake Cty, UT · NTEE: S20
| Metric | Value |
|---|---|
| Total Revenue | $31K |
| Net Assets | $0 |
Is Damico Community Impact Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Damico Community Impact Foundation
Damico Community Impact Foundation (EIN: 861510616) is a nonprofit organization based in Salt Lake Cty, UT, classified under NTEE code S20. The organization reported total revenue of $31K and total assets of $500 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Damico Community Impact Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Damico Community Impact Foundation is a micro nonprofit that has been operating for 4 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of 0.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1 |
| Total Expenses | $0 |
| Surplus / Deficit | +$1 |
| Total Assets | $1 |
| Total Liabilities | $1 |
| Net Assets | $0 |
| Operating Margin | 100.0% |
| Debt-to-Asset Ratio | 100.0% |
Financial Health Grade: B
In 2023, Damico Community Impact Foundation reported a surplus of $1 with revenue exceeding expenses, has a debt-to-asset ratio of 100.0% (high leverage).
Financial Trends
Over 3 years of filings (2021–2023), Damico Community Impact Foundation's revenue has grown at a compound annual growth rate (CAGR) of 0.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.0% | — | +0.0% |
| 2022 | +0.0% | — | +0.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2022 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Damico Community Impact Foundation 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 Damico Community Impact Foundation 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:
- Debt-to-asset ratio: 100.0%.
Frequently Asked Questions about Damico Community Impact Foundation
Is Damico Community Impact Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Damico Community Impact Foundation (EIN: 861510616) insufficient data. 0 red flags identified, 0 strengths noted.
How does Damico Community Impact Foundation spend its money?
Detailed spending breakdown data is not yet available for Damico Community Impact Foundation. Check back for updated IRS 990 analysis.
Are donations to Damico Community Impact Foundation tax-deductible?
Damico Community Impact Foundation is registered as a tax-exempt nonprofit (EIN: 861510616). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Damico Community Impact Foundation located?
Damico Community Impact Foundation is headquartered in Salt Lake Cty, Utah and files with the IRS under EIN 861510616. It is classified under NTEE code S20.
How many years of IRS 990 filings does Damico Community Impact Foundation have?
Damico Community Impact Foundation has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $31K in total revenue.
Filing History
IRS 990 filing history for Damico Community Impact Foundation showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Damico Community Impact Foundation's revenue has grown by 0%, moving from $1 to $1. Total assets increased by 0% over the same period, from $1 to $1. The organization holds $1 in liabilities against $1 in assets (debt-to-asset ratio: 100.0%), resulting in net assets of $0.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1 | $0 | $1 | $1 | — | — |
| 2022 | $1 | $0 | $1 | $1 | — | View 990 |
| 2021 | $1 | $0 | $1 | $1 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $1, expenses of $0, and assets of $1 (revenue +0.0% year-over-year).
- 2022: Revenue of $1, expenses of $0, and assets of $1 (revenue +0.0% year-over-year).
- 2021: Revenue of $1, expenses of $0, and assets of $1.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Damico Community Impact Foundation:
Data Sources and Methodology
This transparency report for Damico Community Impact Foundation 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.